Inspire Investing LLC Boosts Stock Position in AGCO Co. (NYSE:AGCO)

Inspire Investing LLC boosted its position in shares of AGCO Co. (NYSE:AGCO) by 23.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,594 shares of the industrial products company’s stock after acquiring an additional 678 shares during the quarter. Inspire Investing LLC’s holdings in AGCO were worth $352,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. UBS Group AG boosted its stake in shares of AGCO by 106.8% in the fourth quarter. UBS Group AG now owns 192,140 shares of the industrial products company’s stock valued at $23,328,000 after purchasing an additional 99,212 shares during the period. Corient Private Wealth LLC grew its stake in shares of AGCO by 176.1% in the fourth quarter. Corient Private Wealth LLC now owns 21,873 shares of the industrial products company’s stock worth $2,656,000 after acquiring an additional 13,952 shares in the last quarter. Cim LLC purchased a new stake in shares of AGCO during the fourth quarter worth $994,000. Sei Investments Co. raised its stake in shares of AGCO by 28.6% in the first quarter. Sei Investments Co. now owns 63,831 shares of the industrial products company’s stock valued at $7,853,000 after acquiring an additional 14,201 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in AGCO by 30.0% in the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 7,171 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Performance

Shares of AGCO opened at $94.74 on Monday. The company’s 50 day simple moving average is $92.33 and its 200-day simple moving average is $104.18. The firm has a market cap of $7.07 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.25. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89.

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

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. AGCO’s payout ratio is 7.85%.

Insider Buying and Selling at AGCO

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on AGCO shares. Robert W. Baird cut their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Raymond James started coverage on AGCO in a report on Friday, June 28th. They issued a “market perform” rating on the stock. UBS Group decreased their price target on AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, BMO Capital Markets started coverage on AGCO in a research note on Friday, August 9th. They set a “market perform” rating and a $96.00 target price for the company. One investment 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. According to data from MarketBeat, AGCO presently has an average rating of “Hold” and an average price target of $118.91.

About AGCO

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.