Wilmington Savings Fund Society FSB Acquires New Holdings in AGCO Co. (NYSE:AGCO)

Wilmington Savings Fund Society FSB bought a new position in shares of AGCO Co. (NYSE:AGCO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 536 shares of the industrial products company’s stock, valued at approximately $52,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 174 shares during the period. LRI Investments LLC boosted its holdings in AGCO by 94.3% in the 2nd quarter. LRI Investments LLC now owns 340 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 165 shares during the period. Raymond James Trust N.A. grew its position in AGCO by 2.9% in the 2nd quarter. Raymond James Trust N.A. now owns 5,756 shares of the industrial products company’s stock worth $563,000 after purchasing an additional 163 shares during the last quarter. Pegasus Asset Management Inc. increased its holdings in shares of AGCO by 2.0% during the 2nd quarter. Pegasus Asset Management Inc. now owns 29,625 shares of the industrial products company’s stock worth $2,900,000 after purchasing an additional 573 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of AGCO during the second quarter valued at about $147,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Up 3.3 %

Shares of AGCO opened at $93.50 on Friday. The company has a market capitalization of $6.98 billion, a P/E ratio of 41.37, a PEG ratio of 0.56 and a beta of 1.24. AGCO Co. has a one year low of $84.35 and a one year high of $130.26. The business’s 50 day simple moving average is $97.24 and its 200-day simple moving average is $95.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) 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 analyst estimates of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm’s quarterly revenue was down 24.8% on a year-over-year basis. During the same quarter last year, the company earned $3.97 EPS. As a group, sell-side analysts predict that AGCO Co. will post 7.36 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. AGCO’s dividend payout ratio is presently 51.33%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AGCO shares. Truist Financial boosted their price target on AGCO from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer cut their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Citigroup lifted their price target on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $108.10.

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.