Bank of Montreal Can Sells 29,593 Shares of AGCO Co. (NYSE:AGCO)

Bank of Montreal Can lowered its stake in shares of AGCO Co. (NYSE:AGCO) by 2.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,015,437 shares of the industrial products company’s stock after selling 29,593 shares during the period. Bank of Montreal Can owned approximately 1.36% of AGCO worth $100,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AGCO. FinTrust Capital Advisors LLC lifted its stake in shares of AGCO by 121.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC raised its stake in AGCO by 93.2% during 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 period. LRI Investments LLC bought a new stake in AGCO during the 1st quarter worth approximately $30,000. Blue Trust Inc. raised its stake in 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 acquiring an additional 174 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 167 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Barclays cut their price objective on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, July 18th. Truist Financial reiterated a “buy” rating and set a $118.00 price objective (down previously from $130.00) on shares of AGCO in a research report on Wednesday, July 31st. StockNews.com cut shares of AGCO from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird reduced their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One 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. Based on data from MarketBeat.com, AGCO has an average rating of “Hold” and an average price target of $118.91.

Insider Buying and Selling

In other news, Director Lange Bob De acquired 1,420 shares of the business’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 completion of the transaction, the director now directly owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Michael C. Arnold acquired 1,800 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were 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 approximately $1,794,575.85. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lange Bob De acquired 1,420 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased 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 of the company’s stock, valued at $615,985.37. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

AGCO Trading Up 1.7 %

Shares of AGCO opened at $96.33 on Wednesday. The company’s fifty day moving average is $92.15 and its 200 day moving average is $103.94. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The stock has a market capitalization of $7.19 billion, a PE ratio of 6.52, a P/E/G ratio of 0.83 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 (NYSE:AGCO) last announced its quarterly earnings results 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). AGCO had a return on equity of 21.17% and a net margin of 3.13%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the firm posted $4.29 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. Sell-side analysts expect that AGCO Co. will post 8 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, August 15th. AGCO’s dividend payout ratio is presently 7.85%.

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.