Howe & Rusling Inc. Has $345,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Howe & Rusling Inc. boosted its position in shares of AGCO Co. (NYSE:AGCO) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,693 shares of the industrial products company’s stock after purchasing an additional 242 shares during the period. Howe & Rusling Inc.’s holdings in AGCO were worth $345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in AGCO by 83.6% in the fourth quarter. JPMorgan Chase & Co. now owns 630,098 shares of the industrial products company’s stock worth $58,902,000 after acquiring an additional 286,958 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AGCO by 173,056.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 51,947 shares of the industrial products company’s stock valued at $4,795,000 after purchasing an additional 51,917 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in AGCO by 20.6% in the fourth quarter. Zions Bancorporation N.A. now owns 11,732 shares of the industrial products company’s stock worth $1,097,000 after purchasing an additional 2,003 shares in the last quarter. LPL Financial LLC increased its position in AGCO by 4.9% during the fourth quarter. LPL Financial LLC now owns 21,812 shares of the industrial products company’s stock worth $2,135,000 after buying an additional 1,016 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in AGCO during the fourth quarter valued at about $1,234,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 1.6 %

AGCO stock opened at $98.85 on Friday. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of -17.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The business has a 50 day moving average price of $98.72 and a two-hundred day moving average price of $96.86. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on AGCO shares. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Robert W. Baird downgraded AGCO from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Truist Financial boosted their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Citigroup raised their target price on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.60.

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.