JPMorgan Chase & Co. lowered shares of AGCO (NYSE:AGCO) from an overweight rating to a neutral rating in a research report released on Wednesday, Benzinga’s Daily Ratings Newsletter reports. They currently have $77.00 price target on the industrial products company’s stock.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley set a $226.00 target price on shares of S&P Global and gave the company a hold rating in a research note on Friday, May 3rd. UBS Group reiterated a buy rating and set a $25.00 target price on shares of Infineon Technologies in a research note on Tuesday, May 7th. Zacks Investment Research lowered shares of Great Portland Estates from a hold rating to a sell rating in a research note on Tuesday, April 16th. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, Jefferies Financial Group upgraded shares of AGCO from a hold rating to a buy rating and boosted their target price for the company from $70.00 to $90.00 in a research note on Monday, June 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $74.85.

NYSE AGCO traded up $0.18 during mid-day trading on Wednesday, reaching $75.36. The stock had a trading volume of 718,500 shares, compared to its average volume of 606,936. AGCO has a 1 year low of $49.50 and a 1 year high of $79.00. The firm has a market cap of $5.86 billion, a PE ratio of 19.37, a PEG ratio of 1.18 and a beta of 0.98. The business’s fifty day moving average price is $72.60. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.44. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, research analysts expect that AGCO will post 4.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.16 per share. This is an increase from AGCO’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.85%. AGCO’s payout ratio is presently 16.45%.

In other news, SVP Robert B. Crain sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $72.86, for a total transaction of $1,821,500.00. Following the completion of the sale, the senior vice president now owns 81,914 shares of the company’s stock, valued at approximately $5,968,254.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Martin Richenhagen sold 51,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.43, for a total transaction of $3,591,930.00. Following the sale, the chairman now directly owns 503,733 shares of the company’s stock, valued at approximately $35,477,915.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,000 shares of company stock valued at $12,710,000. Insiders own 17.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama boosted its holdings in AGCO by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 83,894 shares of the industrial products company’s stock worth $6,508,000 after buying an additional 230 shares during the period. Hanson & Doremus Investment Management boosted its holdings in AGCO by 2.0% in the 1st quarter. Hanson & Doremus Investment Management now owns 13,000 shares of the industrial products company’s stock worth $904,000 after buying an additional 250 shares during the period. Probity Advisors Inc. boosted its holdings in AGCO by 1.7% in the 1st quarter. Probity Advisors Inc. now owns 22,654 shares of the industrial products company’s stock worth $1,576,000 after buying an additional 384 shares during the period. Commonwealth Bank of Australia boosted its holdings in AGCO by 2.3% in the 4th quarter. Commonwealth Bank of Australia now owns 17,228 shares of the industrial products company’s stock worth $955,000 after buying an additional 385 shares during the period. Finally, John G Ullman & Associates Inc. boosted its holdings in AGCO by 7.4% in the 1st quarter. John G Ullman & Associates Inc. now owns 5,800 shares of the industrial products company’s stock worth $403,000 after buying an additional 400 shares during the period. 80.87% of the stock is owned by institutional investors.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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Analyst Recommendations for AGCO (NYSE:AGCO)

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