AGCO Co. (NYSE:AGCO) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in AGCO Co. (NYSE:AGCO) by 31.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,175 shares of the industrial products company’s stock after acquiring an additional 43,119 shares during the quarter. Sei Investments Co. owned 0.24% of AGCO worth $16,655,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares during the period. Brooklyn Investment Group acquired a new position in shares of AGCO in the 3rd quarter valued at about $29,000. UMB Bank n.a. grew its position in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in AGCO during the fourth quarter worth about $33,000. Finally, Jones Financial Companies Lllp lifted its holdings in AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 265 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AGCO shares. Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Citigroup upped their price objective on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research note on Monday, March 17th. Oppenheimer boosted their price target on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Truist Financial increased their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.60.

AGCO Trading Up 1.6 %

Shares of NYSE:AGCO opened at $98.85 on Friday. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $125.76. The firm has a fifty day moving average price of $98.72 and a 200 day moving average price of $96.86. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.37 billion, a PE ratio of -17.37, a P/E/G ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 14th. AGCO’s dividend payout ratio is currently -20.39%.

About AGCO

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.