Semanteon Capital Management LP Takes $775,000 Position in AGCO Co. (NYSE:AGCO)

Semanteon Capital Management LP bought a new stake in AGCO Co. (NYSE:AGCO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,383 shares of the industrial products company’s stock, valued at approximately $775,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AGCO. FinTrust Capital Advisors LLC purchased a new stake in shares of AGCO in the third quarter valued at about $26,000. Rakuten Securities Inc. bought a new position in AGCO during the fourth quarter valued at about $26,000. Legacy Financial Group LLC bought a new position in AGCO during the third quarter valued at about $27,000. BluePath Capital Management LLC bought a new position in AGCO during the third quarter valued at about $35,000. Finally, C M Bidwell & Associates Ltd. bought a new position in AGCO during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of AGCO from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Truist Financial assumed coverage on shares of AGCO in a research report on Thursday, March 14th. They set a “buy” rating and a $142.00 target price for the company. JPMorgan Chase & Co. increased 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. Finally, Oppenheimer increased their target price on shares of AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, AGCO currently has a consensus rating of “Moderate Buy” and an average target price of $150.50.

AGCO Price Performance

Shares of AGCO stock traded down $1.06 during trading hours on Friday, reaching $116.61. The stock had a trading volume of 663,940 shares, compared to its average volume of 689,986. The stock’s fifty day simple moving average is $115.89 and its 200 day simple moving average is $117.19. 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 12 month low of $105.77 and a 12 month high of $140.46. The firm has a market capitalization of $8.70 billion, a PE ratio of 7.53, a PEG ratio of 0.68 and a beta of 1.31.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. AGCO’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.47 earnings per share. On average, equities research analysts predict 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.