CHICAGO TRUST Co NA Takes $227,000 Position in AGCO Co. (NYSE:AGCO)

CHICAGO TRUST Co NA acquired a new stake in AGCO Co. (NYSE:AGCOGet Rating) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,555 shares of the industrial products company’s stock, valued at approximately $227,000.

Several other large investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new position in AGCO during the fourth quarter worth $60,000. Confluence Wealth Services Inc. bought a new position in AGCO during the fourth quarter worth $63,000. Covestor Ltd bought a new position in AGCO during the fourth quarter worth $78,000. Dark Forest Capital Management LP boosted its stake in AGCO by 111.3% during the third quarter. Dark Forest Capital Management LP now owns 801 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 422 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in AGCO during the fourth quarter worth $115,000. 77.74% of the stock is currently owned by institutional investors.

AGCO has been the topic of several research analyst reports. Morgan Stanley cut their target price on shares of AGCO from $165.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday, April 18th. Wells Fargo & Company initiated coverage on shares of AGCO in a report on Friday, March 11th. They set an “overweight” rating and a $175.00 price objective on the stock. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of AGCO from $143.00 to $141.00 in a report on Friday, June 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of AGCO from $170.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, AGCO presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.30.

Shares of AGCO stock opened at $106.19 on Thursday. The firm has a 50-day moving average of $125.58 and a 200-day moving average of $125.31. The company has a market cap of $7.92 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 0.69. AGCO Co. has a one year low of $105.72 and a one year high of $150.28.

AGCO (NYSE:AGCOGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.48. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. AGCO had a net margin of 7.85% and a return on equity of 24.11%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, research analysts expect that AGCO Co. will post 11.86 earnings per share for the current fiscal year.

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

AGCO Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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