This afternoon we watched AGCO drop -6.9% to a price of $117.94 per share. The mid-cap Farm & Heavy Construction Machinery company is now trading -23.44% below its average target price of $154.06. Analysts have set target prices ranging from $122.0 to $185.0 per share for AGCO, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 1.5. Since 16.68% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 82.6% of AGCO's shares being owned by this investor type.
Institutions Invested in AGCO
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Blackrock Inc. | 9% | 6,955,636 | $820,382,485 |
| 2022-12-31 | Vanguard Group, Inc. (The) | 9% | 6,622,963 | $781,145,369 |
| 2022-12-31 | Victory Capital Management Inc. | 4% | 3,260,006 | $384,501,406 |
| 2022-12-31 | Lsv Asset Management | 4% | 3,198,276 | $377,220,661 |
| 2022-12-31 | Nordea Investment Management AB | 3% | 2,006,159 | $236,616,422 |
| 2022-12-31 | Dimensional Fund Advisors LP | 3% | 1,997,754 | $235,625,094 |
| 2022-12-31 | State Street Corporation | 2% | 1,734,385 | $204,562,038 |
| 2022-12-31 | FMR, LLC | 2% | 1,260,097 | $148,622,140 |
| 2022-12-31 | Morgan Stanley | 1% | 1,050,000 | $123,842,249 |
| 2022-12-31 | Grantham, Mayo, Van Otterloo & Company | 1% | 970,823 | $114,503,718 |
