Blue Trust Inc. Purchases 320 Shares of AGCO Co. (NYSE:AGCO)

Blue Trust Inc. raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,314 shares of the industrial products company’s stock after acquiring an additional 320 shares during the period. Blue Trust Inc.’s holdings in AGCO were worth $123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after purchasing an additional 538,955 shares during the last quarter. Barclays PLC grew its stake in shares of AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock valued at $24,389,000 after buying an additional 198,014 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of AGCO by 67.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock valued at $44,739,000 after buying an additional 183,688 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of AGCO by 28.2% during the third quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after buying an additional 150,656 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of AGCO during the third quarter valued at about $13,242,000. 78.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AGCO. Truist Financial raised their price target on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley began coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AGCO has a consensus rating of “Hold” and an average price target of $107.20.

AGCO Trading Down 2.9 %

Shares of AGCO opened at $98.80 on Friday. The firm’s 50-day moving average price is $97.77 and its 200-day moving average price is $95.69. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of -17.36, a PEG ratio of 1.87 and a beta of 1.25. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Sell-side analysts anticipate that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. AGCO’s dividend payout ratio is presently -20.39%.

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.