First Bank & Trust increased its stake in shares of AGCO Co. (NYSE:AGCO) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,554 shares of the industrial products company’s stock after purchasing an additional 1,018 shares during the quarter. First Bank & Trust’s holdings in AGCO were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AGCO. Vanguard Group Inc. lifted its position in AGCO by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,029,986 shares of the industrial products company’s stock worth $366,563,000 after acquiring an additional 65,104 shares in the last quarter. Vanguard Group Inc lifted its position in AGCO by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 6,029,986 shares of the industrial products company’s stock worth $366,563,000 after acquiring an additional 65,104 shares in the last quarter. Victory Capital Management Inc. lifted its position in AGCO by 11.3% during the 4th quarter. Victory Capital Management Inc. now owns 3,479,957 shares of the industrial products company’s stock worth $193,729,000 after acquiring an additional 354,441 shares in the last quarter. LSV Asset Management raised its position in shares of AGCO by 2.7% in the 4th quarter. LSV Asset Management now owns 2,641,010 shares of the industrial products company’s stock valued at $147,025,000 after purchasing an additional 68,780 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of AGCO by 1.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,040,980 shares of the industrial products company’s stock valued at $113,621,000 after purchasing an additional 22,314 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

In related news, Chairman Martin Richenhagen sold 102,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $70.19, for a total transaction of $7,159,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gary L. Collar sold 5,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.44, for a total value of $322,200.00. Following the transaction, the vice president now owns 81,401 shares of the company’s stock, valued at $5,245,480.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,300 shares of company stock worth $8,498,631. Corporate insiders own 17.60% of the company’s stock.

A number of equities analysts have issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating and issued a $63.00 target price on shares of AGCO in a research report on Tuesday, January 22nd. Barclays lowered AGCO from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $64.00 to $63.00 in a research report on Wednesday, January 23rd. OTR Global raised AGCO to a “positive” rating in a research report on Friday, January 18th. Deutsche Bank set a $76.00 target price on AGCO and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, Royal Bank of Canada upped their target price on AGCO to $76.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $65.08.

Shares of AGCO stock traded down $0.65 on Monday, hitting $71.31. 8,791 shares of the stock traded hands, compared to its average volume of 533,406. The company has a current ratio of 1.28, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43. The firm has a market cap of $5.52 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.06 and a beta of 0.89. AGCO Co. has a 1-year low of $49.50 and a 1-year high of $72.00.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.58 billion. AGCO had a return on equity of 10.27% and a net margin of 3.05%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, research analysts forecast that AGCO Co. will post 4.67 EPS for the current fiscal year.

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AGCO Profile

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.

Further Reading: Why investors pay attention to retained earnings

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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