AGCO Co. (NYSE:AGCO) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in shares of AGCO Co. (NYSE:AGCO) by 24.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,310 shares of the industrial products company’s stock after selling 3,027 shares during the period. Xponance Inc.’s holdings in AGCO were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC boosted its position 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 purchasing an additional 117 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of AGCO by 93.2% during the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after buying an additional 110 shares during the period. LRI Investments LLC purchased a new position in shares of AGCO during the 1st quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 174 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in AGCO by 69.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 167 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Oppenheimer decreased their price objective on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets initiated coverage on shares of AGCO in a research note on Friday, August 9th. They issued a “market perform” rating and a $96.00 price target on the stock. Citigroup assumed coverage on AGCO in a research note on Wednesday, June 26th. They set a “neutral” rating and a $108.00 price objective for the company. Robert W. Baird reduced their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, UBS Group dropped their price target on AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $118.91.

Insiders Place Their Bets

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

AGCO Stock Performance

Shares of AGCO stock opened at $98.31 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.25. The business has a 50-day moving average of $91.80 and a 200 day moving average of $103.71. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the firm posted $4.29 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, sell-side analysts forecast that AGCO Co. will post 8 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 annualized dividend and a yield of 1.18%. AGCO’s payout ratio is 7.85%.

AGCO 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.