AGCO Co. (NYSE:AGCO) Stock Position Increased by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its position in AGCO Co. (NYSE:AGCO) by 28.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 526 shares of the industrial products company’s stock after buying an additional 117 shares during the quarter. First Horizon Advisors Inc.’s holdings in AGCO were worth $51,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AGCO. Bessemer Group Inc. lifted its position in shares of AGCO by 2,238.9% in the 1st quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 403 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of AGCO in the first quarter valued at $30,000. Price T Rowe Associates Inc. MD boosted its position in shares of AGCO by 146.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after buying an additional 50,892 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of AGCO during the first quarter valued at $1,304,000. Finally, Ilex Capital Partners UK LLP acquired a new position in AGCO during the first quarter valued at $23,569,000. Institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AGCO shares. The Goldman Sachs Group lowered their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Truist Financial boosted their price objective on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup increased their target price on shares of AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Robert W. Baird decreased their target price on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.40.

AGCO Stock Up 1.0 %

AGCO stock opened at $98.43 on Monday. The company has a market capitalization of $7.35 billion, a P/E ratio of 43.55, a P/E/G ratio of 0.55 and a beta of 1.25. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The firm’s fifty day simple moving average is $96.49 and its 200-day simple moving average is $97.63. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. AGCO’s quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the business earned $3.97 earnings per share. Sell-side analysts forecast that AGCO Co. will post 7.34 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. AGCO’s payout ratio is currently 51.33%.

AGCO Company Profile

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.