IFP Advisors Inc Has $59,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

IFP Advisors Inc decreased its holdings in shares of AGCO Co. (NYSE:AGCO) by 39.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 636 shares of the industrial products company’s stock after selling 412 shares during the period. IFP Advisors Inc’s holdings in AGCO were worth $59,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AGCO. Brooklyn Investment Group acquired a new position in AGCO during the third quarter valued at approximately $29,000. Allworth Financial LP boosted its position in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. Venturi Wealth Management LLC increased its position in shares of AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after buying an additional 210 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in 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 period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research analyst reports. Citigroup decreased their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Oppenheimer raised their target price on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley started coverage on shares of AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. Finally, Truist Financial raised their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.30.

AGCO Price Performance

Shares of NYSE AGCO opened at $96.71 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The business has a 50-day moving average of $97.85 and a 200-day moving average of $96.17. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of -17.00, a PEG ratio of 1.80 and a beta of 1.24. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76.

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

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is currently -20.39%.

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.