GAMMA Investing LLC Buys 346 Shares of AGCO Co. (NYSE:AGCO)

GAMMA Investing LLC grew its stake in shares of AGCO Co. (NYSE:AGCO) by 174.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 544 shares of the industrial products company’s stock after acquiring an additional 346 shares during the quarter. GAMMA Investing LLC’s holdings in AGCO were worth $51,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its position in shares of AGCO by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock worth $51,000 after buying an additional 117 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of AGCO by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock worth $1,666,000 after buying an additional 126 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after buying an additional 139 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of AGCO by 4.1% during the 3rd quarter. OLD National Bancorp IN now owns 3,880 shares of the industrial products company’s stock worth $380,000 after buying an additional 152 shares during the last quarter. Finally, Bfsg LLC lifted its position in shares of AGCO by 0.9% during the 3rd quarter. Bfsg LLC now owns 18,007 shares of the industrial products company’s stock worth $1,762,000 after buying an additional 156 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AGCO has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price objective for the company. The Goldman Sachs Group dropped their price objective on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Citigroup upped their target price on AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Truist Financial upped their target price on AGCO from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AGCO presently has an average rating of “Hold” and an average price target of $108.10.

AGCO Trading Up 6.9 %

Shares of AGCO stock opened at $97.13 on Tuesday. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 0.56 and a beta of 1.25. The stock has a 50-day moving average of $94.97 and a 200-day moving average of $94.89. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the business earned $3.97 EPS. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, equities research analysts forecast that AGCO Co. will post 7.36 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.19%. AGCO’s dividend payout ratio is currently 51.33%.

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.