In Thursday’s session, AGCO Corporation (NYSE:AGCO) marked $113.60 per share, up from $112.15 in the previous session. While AGCO Corporation has overperformed by 1.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AGCO fell by -1.62%, with highs and lows ranging from $139.56 to $84.92, whereas the simple moving average fell by -4.54% in the last 200 days.
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Analysis of AGCO Corporation (AGCO)
With AGCO’s current dividend of $1.16 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 24.10%, showing a positive trend in the upcoming months.
AGCO Corporation’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 26.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and AGCO has an average volume of 663.06K. On a monthly basis, the volatility of the stock is set at 3.48%, whereas on a weekly basis, it is put at 4.07%, with a loss of -2.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $155.56, showing growth from the present price of $113.60, which can serve as yet another indication of whether AGCO is worth investing in or should be passed over.
How Do You Analyze AGCO Corporation Shares?
Farm & Heavy Construction Machinery giant AGCO Corporation (AGCO) is based in the USA and is one of the largest companies in the market. When comparing AGCO Corporation shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.77, there is a growth in quarterly earnings of 53.00%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AGCO shares?
The recent increase in stakes in AGCO appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in AGCO has increased by 4.67% in the first quarter. The company now owns 6,841,471 shares of the stock, with a value of $847.93 million, following the purchase of 305,393 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in AGCO during the first quarter, upping its stake by 0.94%. During the last quarter, the company dropped down 46,833 additional shares for a total stake of worth $624.39 million, bringing number of shares owned by the company to 5,037,801.
During the first quarter, LSV Asset Management subtracted a -20,158 position in AGCO. Victory Capital Management, Inc. sold an additional -0.83 million shares in the last quarter, decreasing its holdings by -25.33%, now holding 2.43 million shares worth $301.69 million. At the end of the first quarter, Dimensional Fund Advisors LP increased its AGCO holdings by 2.02% and now holds 2.04 million AGCO shares valued at $252.6 million with the added 40341.0 shares during the period. AGCO shares are owned by institutional investors to the tune of 83.50% at present.
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