AGCO Co. (NYSE:AGCO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of AGCO Co. (NYSE:AGCO) by 189.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 994 shares of the industrial products company’s stock after acquiring an additional 650 shares during the quarter. Blue Trust Inc.’s holdings in AGCO were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its holdings 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 valued at $26,000 after purchasing an additional 117 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of 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 acquiring an additional 110 shares during the last quarter. LRI Investments LLC acquired a new position in shares of AGCO during the 1st quarter valued at about $30,000. First Horizon Advisors Inc. boosted its position in shares of AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 167 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in AGCO by 2,238.9% during the first quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Down 1.6 %

AGCO opened at $100.22 on Wednesday. The stock has a market capitalization of $7.48 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. 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 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 $94.53 and its 200-day simple moving average is $100.40.

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). The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. AGCO’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.29 EPS. Analysts anticipate that AGCO Co. will post 8 EPS for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, November 15th. AGCO’s payout ratio is currently 7.85%.

Insider Buying and Selling at AGCO

In other AGCO news, Director Michael C. Arnold bought 1,800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the purchase, the director now owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael C. Arnold acquired 1,800 shares of AGCO 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 completion of the transaction, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lange Bob De bought 1,420 shares of the company’s stock in a transaction 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. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird dropped their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Barclays cut their target price on AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, July 18th. Truist Financial upped their price target on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group cut their price objective on AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, BMO Capital Markets initiated coverage on shares of AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AGCO currently has an average rating of “Hold” and a consensus target price of $117.80.

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.