Sigma Planning Corp made a new $238,000 investment in AGCO Co . (NYSE:AGCO)


Sigma Planning Corp bought a new position in shares of AGCO Co. (NYSE: AGCO – Get Rating ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,626 shares of the industrial products company’s stock, valued at approximately $238,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in shares of AGCO in the first quarter valued at approximately $58,000. Quent Capital LLC acquired a new stake in shares of AGCO in the fourth quarter valued at approximately $60,000. Confluence Wealth Services Inc. acquired a new stake in shares of AGCO in the fourth quarter valued at approximately $63,000. Covestor Ltd acquired a new stake in shares of AGCO in the fourth quarter valued at approximately $78,000. Finally, National Bank of Canada FI acquired a new stake in shares of AGCO in the fourth quarter worth approximately $115,000. 77.74% of the stock is currently owned by institutional investors.

AGCO opened at $97.15 on Monday. The firm has a market cap of $7.24 billion, a P/E ratio of 8.16, a P/E/G ratio of 0.82 and a beta of 1.40. The firm’s 50-day moving average is $116.33 and its 200-day moving average is $123.93. AGCO Co. it has a 52-week low of $93.79 and a 52-week high of $150.28. The company has a quick ratio of 0.69, a current ratio of 1.64 and a debt-to-equity ratio of 0.52.

AGCO (NYSE: AGCO – Get Rating ) last posted its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.51. The company had revenue of $2.69 billion for the quarter, compared to analysts’ estimates of $2.65 billion. AGCO had a net margin of 7.85% and a return on equity of 24.11%. The business’s quarterly revenue was up 12.9% year over year. During the same quarter last year, the firm posted earnings of $2.00 per share. Equities analysts expect that AGCO Co. will report 11.86 earnings per share for the current fiscal year.

The business also recently announced a dividend, which was paid on Tuesday, June 21st. Investors of record on Friday, May 20th were given a $4.50 dividend. The ex-dividend date was Thursday, May 19th. AGCO’s dividend payout ratio (DPR) is currently 8.06%.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of AGCO from $170.00 to $178.00 and gave the stock an “overweight” rating in a research report on Monday, March 28th. Citigroup cut their target price on shares of AGCO from $150.00 to $105.00 in a report on Thursday. StockNews.com lowered shares of AGCO from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of AGCO from $143.00 to $141.00 in a report on Friday, June 10th. Finally, Morgan Stanley downgraded shares of AGCO from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $160.00 to $129.00 in a report on Thursday, June 23rd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. AGCO currently has an average rating of “Moderate Buy” and a consensus target price of $144.55, based on data from MarketBeat.

AGCO Company Profile (Get Rating)

AGCO Corporation manufactures and distributes agricultural equipment and related spare parts worldwide. Offers horse power tractors for row crop production, tillage, planting, land leveling, seeding and commercial hay operations; utility tractors for small and medium-sized farms, as well as for dairy, animal husbandry, orchards and vineyards; and compact tractors for small farms, specialist agricultural industries, landscaping, riding and residential purposes.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)



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