Strs Ohio Increases Position in AGCO Co. (NYSE:AGCO)

Strs Ohio grew its holdings in AGCO Co. (NYSE:AGCO) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,091 shares of the industrial products company’s stock after buying an additional 87 shares during the period. Strs Ohio’s holdings in AGCO were worth $1,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AGCO. Quarry LP raised its holdings in AGCO by 278.0% during the second quarter. Quarry LP now owns 189 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 139 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in AGCO during the third quarter worth about $26,000. Legacy Financial Group LLC purchased a new position in AGCO during the third quarter worth about $27,000. Point72 Asset Management L.P. purchased a new position in AGCO during the second quarter worth about $36,000. Finally, Allworth Financial LP raised its holdings in AGCO by 72.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 120 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGCO has been the subject of several analyst reports. StockNews.com cut shares of AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Truist Financial started coverage on shares of AGCO in a report on Thursday, March 14th. They set a “buy” rating and a $142.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of AGCO from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Oppenheimer increased their target price on shares of AGCO from $153.00 to $154.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, AGCO presently has an average rating of “Moderate Buy” and an average target price of $150.50.

AGCO Stock Up 1.7 %

AGCO stock opened at $118.75 on Monday. The company’s 50 day simple moving average is $115.49 and its 200-day simple moving average is $117.14. The firm has a market capitalization of $8.86 billion, a PE ratio of 7.60, a P/E/G ratio of 0.68 and a beta of 1.31. AGCO Co. has a 12 month low of $105.77 and a 12 month high of $140.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing the consensus estimate of $4.03 by ($0.25). The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.47 earnings per share. Equities analysts expect that AGCO Co. will post 13.07 earnings per share for the current fiscal year.

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.