Bank Julius Baer & Co. Ltd Zurich Sells 31,982 Shares of AGCO Co. (NYSE:AGCO)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in AGCO Co. (NYSE:AGCO) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 295,370 shares of the industrial products company’s stock after selling 31,982 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.39% of AGCO worth $35,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new position in AGCO in the third quarter valued at about $26,000. Rakuten Securities Inc. acquired a new position in AGCO in the fourth quarter valued at about $26,000. Legacy Financial Group LLC acquired a new position in AGCO in the third quarter valued at about $27,000. BluePath Capital Management LLC acquired a new position in shares of AGCO during the third quarter worth about $35,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of AGCO during the third quarter worth about $35,000. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AGCO Trading Down 0.9 %

NYSE:AGCO traded down $1.06 during trading hours on Friday, hitting $116.61. 663,940 shares of the company were exchanged, compared to its average volume of 689,986. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.68 and a beta of 1.31. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30. AGCO Co. has a one year low of $105.77 and a one year high of $140.46. The company has a fifty day simple moving average of $115.89 and a 200 day simple moving average of $117.19.

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

AGCO Company Profile

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.