Sei Investments Co. Has $9.36 Million Stock Holdings in AGCO Co. (NYSE:AGCO)

Sei Investments Co. raised its holdings in AGCO Co. (NYSE:AGCO) by 49.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 95,636 shares of the industrial products company’s stock after buying an additional 31,805 shares during the quarter. Sei Investments Co. owned 0.13% of AGCO worth $9,361,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AGCO. FinTrust Capital Advisors LLC grew its stake in shares of AGCO by 121.9% in the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 117 shares during the last quarter. Manchester Capital Management LLC grew its position in AGCO by 93.2% in the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. LRI Investments LLC acquired a new stake in AGCO in the 1st quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 174 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after buying an additional 167 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their target price on AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Barclays lowered their price objective on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. Raymond James assumed coverage on AGCO in a research report on Friday, June 28th. They issued a “market perform” rating for the company. BMO Capital Markets started coverage on shares of AGCO in a research note on Friday, August 9th. They set a “market perform” rating and a $96.00 price target on the stock. Finally, Citigroup started coverage on shares of AGCO in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $118.91.

Insider Transactions at AGCO

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

AGCO Stock Up 1.6 %

AGCO opened at $98.31 on Friday. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.88 and a beta of 1.25. The firm’s 50-day simple moving average is $91.80 and its 200-day simple moving average is $103.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52.

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

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 15th. AGCO’s dividend payout ratio is currently 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.