Creative Planning Purchases 2,498 Shares of AGCO Co. (NYSE:AGCO)

Creative Planning grew its position in AGCO Co. (NYSE:AGCOFree Report) by 34.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,655 shares of the industrial products company’s stock after purchasing an additional 2,498 shares during the period. Creative Planning’s holdings in AGCO were worth $945,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Forum Financial Management LP raised its holdings in AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 109 shares in the last quarter. Manchester Capital Management LLC raised its holdings in AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 110 shares in the last quarter. Capital Insight Partners LLC raised its holdings in AGCO by 2.6% during the second quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after acquiring an additional 110 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in AGCO by 121.9% during the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 117 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in AGCO by 3.9% during the first quarter. William Blair Investment Management LLC now owns 3,766 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 143 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Lange Bob De purchased 1,420 shares of AGCO stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the transaction, the director now directly owns 7,007 shares of the company’s stock, valued at $615,985.37. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other AGCO news, Director Lange Bob De bought 1,420 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the purchase, the director now directly owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael C. Arnold bought 1,800 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the purchase, the director now directly owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group dropped their target price on AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. BMO Capital Markets assumed coverage on AGCO in a research note on Friday, August 9th. They issued a “market perform” rating and a $96.00 price objective on the stock. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Citigroup upped their price objective on AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Truist Financial upped their price objective on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $117.80.

Check Out Our Latest Report on AGCO

AGCO Price Performance

AGCO stock opened at $99.39 on Friday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 0.95 and a beta of 1.25. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average is $95.21 and its 200-day moving average is $100.26.

AGCO (NYSE:AGCOGet Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.29 EPS. Equities research analysts expect that AGCO Co. will post 7.87 EPS for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s dividend payout ratio is currently 20.71%.

About AGCO

(Free Report)

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.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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