AGCO Co. (NYSE:AGCO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in shares of AGCO Co. (NYSE:AGCO) by 22.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,270 shares of the industrial products company’s stock after selling 23,530 shares during the quarter. Blair William & Co. IL owned approximately 0.11% of AGCO worth $7,759,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock worth $930,660,000 after buying an additional 784,617 shares during the last quarter. Victory Capital Management Inc. lifted its position in AGCO by 1.7% in the second quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company’s stock valued at $362,152,000 after acquiring an additional 63,432 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in AGCO by 17.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after acquiring an additional 335,092 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of AGCO by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after purchasing an additional 391,591 shares during the last quarter. Finally, Mirova US LLC increased its position in shares of AGCO by 2.0% during the second quarter. Mirova US LLC now owns 1,198,024 shares of the industrial products company’s stock worth $117,263,000 after purchasing an additional 23,536 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AGCO

In other news, Director Michael C. Arnold purchased 1,800 shares of the stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lange Bob De purchased 1,420 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the transaction, the director now owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Arnold purchased 1,800 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the acquisition, the director now owns 20,465 shares in the company, valued at $1,794,575.85. The disclosure for this purchase can be found here. Corporate insiders own 16.60% of the company’s stock.

AGCO Stock Performance

AGCO opened at $94.74 on Friday. The stock’s 50 day simple moving average is $92.33 and its 200 day simple moving average is $104.26. The stock has a market cap of $7.07 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.83 and a beta of 1.25. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72.

AGCO (NYSE:AGCO) last released 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). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. AGCO’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.29 earnings per share. As a group, equities analysts anticipate that AGCO Co. will post 8 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were given a $0.29 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. AGCO’s dividend payout ratio is currently 7.85%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Raymond James began coverage on AGCO in a research note on Friday, June 28th. They set a “market perform” rating on the stock. The Goldman Sachs Group cut their target price on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Truist Financial reiterated a “buy” rating and set a $118.00 price target (down previously from $130.00) on shares of AGCO in a research note on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays decreased their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $118.91.

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.