Parkside Financial Bank & Trust Acquires 469 Shares of AGCO Co. (NYSE:AGCO)

Parkside Financial Bank & Trust raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 545.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555 shares of the industrial products company’s stock after acquiring an additional 469 shares during the quarter. Parkside Financial Bank & Trust’s holdings in AGCO were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in shares of AGCO by 7,297.1% in the fourth quarter. Pacer Advisors Inc. now owns 722,915 shares of the industrial products company’s stock worth $87,769,000 after purchasing an additional 713,142 shares during the period. Victory Capital Management Inc. increased its holdings in shares of AGCO by 24.7% in the third quarter. Victory Capital Management Inc. now owns 3,042,378 shares of the industrial products company’s stock worth $359,852,000 after purchasing an additional 601,877 shares during the period. Royal London Asset Management Ltd. bought a new position in shares of AGCO in the third quarter worth $38,690,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of AGCO by 83.8% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 318,000 shares of the industrial products company’s stock worth $37,613,000 after purchasing an additional 145,000 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of AGCO by 16.1% in the third quarter. AQR Capital Management LLC now owns 1,028,727 shares of the industrial products company’s stock worth $121,678,000 after purchasing an additional 142,701 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AGCO. Oppenheimer upped their price target on shares of AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. StockNews.com lowered shares of AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Truist Financial assumed coverage on shares of AGCO in a research report on Thursday, March 14th. They issued a “buy” rating and a $142.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.50.

AGCO Stock Performance

NYSE AGCO opened at $117.67 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $115.89 and a two-hundred day simple moving average of $117.19. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.67 and a beta of 1.31. AGCO Co. has a 12-month low of $105.77 and a 12-month high of $140.46.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $4.03 billion. AGCO had a return on equity of 26.96% and a net margin of 8.13%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.47 earnings per share. On average, equities analysts forecast that AGCO Co. will post 13.06 EPS for the current 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.