Blue Trust Inc. Has $97,000 Stake in AGCO Co. (NYSE:AGCO)

Blue Trust Inc. raised its stake in shares of AGCO Co. (NYSE:AGCO) by 189.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 994 shares of the industrial products company’s stock after buying 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 institutional investors and hedge funds also recently modified their holdings of AGCO. FinTrust Capital Advisors LLC grew its holdings in AGCO by 121.9% during 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 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 buying an additional 110 shares during the period. LRI Investments LLC bought a new position in AGCO during the first quarter worth about $30,000. First Horizon Advisors Inc. grew its stake in AGCO by 69.0% in the second 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 period. Finally, Bessemer Group Inc. increased its holdings in shares of AGCO by 2,238.9% in the first quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 403 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

Insider Activity at AGCO

In other AGCO news, Director Lange Bob De bought 1,420 shares of AGCO stock in a transaction dated 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 purchase, the director now directly owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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 purchased at an average cost 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 of the company’s stock, valued at approximately $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lange Bob De acquired 1,420 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the purchase, the director now 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.

Wall Street Analysts Forecast Growth

AGCO has been the subject of a number of research reports. UBS Group lowered their target price on AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Truist Financial increased their target price on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.80.

AGCO Stock Performance

Shares of AGCO stock opened at $100.22 on Wednesday. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The firm’s 50-day simple moving average is $94.53 and its two-hundred day simple moving average is $100.40. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 6.78, a P/E/G 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 (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.37). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the company posted $4.29 EPS. AGCO’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities analysts forecast that AGCO Co. will post 8 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s dividend payout ratio (DPR) is currently 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.