Leuthold Group LLC Raises Holdings in AGCO Co. (NYSE:AGCO)

Leuthold Group LLC lifted its holdings in AGCO Co. (NYSE:AGCO) by 15.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,620 shares of the industrial products company’s stock after purchasing an additional 2,258 shares during the quarter. Leuthold Group LLC’s holdings in AGCO were worth $1,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGCO. Vanguard Group Inc. lifted its stake in AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after acquiring an additional 784,617 shares during the period. Norges Bank purchased a new position in shares of AGCO during the fourth quarter valued at approximately $83,733,000. Massachusetts Financial Services Co. MA lifted its position in AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after purchasing an additional 391,591 shares during the period. Dimensional Fund Advisors LP lifted its position in AGCO by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after purchasing an additional 335,092 shares during the period. Finally, Ilex Capital Partners UK LLP purchased a new stake in AGCO in the first quarter worth approximately $23,569,000. 78.80% of the stock is owned by institutional investors.

Insider Transactions at AGCO

In related news, Director Lange Bob De bought 1,420 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $87.91 per share, with a total value 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. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AGCO news, Director Michael C. Arnold acquired 1,800 shares of the stock in a transaction on 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 transaction, the director now directly owns 20,465 shares of the company’s stock, valued at $1,794,575.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lange Bob De bought 1,420 shares of AGCO 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 completion of the acquisition, the director now owns 7,007 shares in the company, valued at $615,985.37. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

AGCO Trading Up 2.2 %

Shares of AGCO stock opened at $95.82 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. The stock has a fifty day simple moving average of $92.40 and a two-hundred day simple moving average of $104.36. The firm has a market capitalization of $7.15 billion, a PE ratio of 6.48, a PEG ratio of 0.83 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 released 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 business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the company earned $4.29 EPS. On average, analysts predict that AGCO Co. will post 8 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, August 15th. AGCO’s payout ratio is currently 7.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGCO. UBS Group decreased their target price 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. Robert W. Baird reduced their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Citigroup began coverage on AGCO in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 target price on the stock. Raymond James initiated coverage on AGCO in a research note on Friday, June 28th. They set a “market perform” rating for the company. Finally, Truist Financial reiterated a “buy” rating and issued a $118.00 price objective (down previously from $130.00) on shares of AGCO in a research note on Wednesday, July 31st. One equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $118.91.

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.