AGCO (NYSE:AGCO) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of AGCO (NYSE:AGCO) from a hold rating to a sell rating in a report published on Wednesday morning.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird reduced their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. UBS Group reduced their target price on AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. BMO Capital Markets initiated coverage on AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price for the company. The Goldman Sachs Group reduced their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Citigroup raised their target price on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.40.

AGCO Stock Up 1.0 %

AGCO opened at $98.41 on Wednesday. AGCO has a 1-year low of $84.35 and a 1-year high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 0.52 and a beta of 1.25. The business has a 50 day moving average of $96.34 and a 200-day moving average of $97.88.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company posted $3.97 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that AGCO will post 7.32 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.18%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Institutional Trading of AGCO

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its position in AGCO by 103.5% in the second quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock worth $153,814,000 after purchasing an additional 799,429 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after purchasing an additional 784,617 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of AGCO by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock valued at $171,090,000 after purchasing an additional 605,509 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of AGCO by 28.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after purchasing an additional 391,591 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after acquiring an additional 335,092 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.