Creative Planning Grows Stock Holdings in AGCO Co. (NYSE:AGCO)

Creative Planning raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 25.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,157 shares of the industrial products company’s stock after acquiring an additional 1,465 shares during the quarter. Creative Planning’s holdings in AGCO were worth $701,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AGCO. Quarry LP boosted its stake in AGCO by 61.9% in the 4th quarter. Quarry LP now owns 2,493 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 953 shares during the period. Cim LLC purchased a new stake in AGCO in the 4th quarter worth $994,000. Virtu Financial LLC purchased a new stake in AGCO in the 4th quarter worth $505,000. Vanguard Group Inc. boosted its holdings in shares of AGCO by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,780,497 shares of the industrial products company’s stock valued at $823,220,000 after purchasing an additional 24,940 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in AGCO by 13.6% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 43,903 shares of the industrial products company’s stock valued at $5,330,000 after buying an additional 5,266 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Stock Performance

Shares of NYSE:AGCO opened at $99.56 on Friday. The firm has a 50 day moving average of $91.75 and a 200 day moving average of $102.27. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26.

AGCO (NYSE:AGCO) last issued 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 return on equity of 21.17% and a net margin of 3.13%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the company earned $4.29 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. On average, sell-side analysts predict that AGCO Co. will post 8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AGCO has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Robert W. Baird cut their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Truist Financial raised their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James assumed coverage on shares of AGCO in a report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, UBS Group decreased their price objective on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, AGCO currently has an average rating of “Hold” and an average target price of $117.80.

Insider Transactions at AGCO

In other news, Director Michael C. Arnold bought 1,800 shares of the stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the purchase, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lange Bob De acquired 1,420 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired 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 approximately $615,985.37. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael C. Arnold acquired 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, 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. Insiders own 16.60% of the company’s stock.

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.