AGCO Co. (NYSE:AGCO) Stock Holdings Raised by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in AGCO Co. (NYSE:AGCO) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 185,177 shares of the industrial products company’s stock after purchasing an additional 4,714 shares during the period. Westwood Holdings Group Inc. owned 0.25% of AGCO worth $18,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of AGCO by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock valued at $930,660,000 after buying an additional 784,617 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of AGCO by 1.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,699,964 shares of the industrial products company’s stock valued at $362,152,000 after buying an additional 63,432 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of AGCO by 17.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock valued at $221,187,000 after buying an additional 335,092 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of AGCO by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock valued at $175,323,000 after buying an additional 391,591 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of AGCO by 103.5% in the 2nd quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock valued at $153,814,000 after buying an additional 799,429 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AGCO. Barclays reduced 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. Citigroup began coverage on shares of AGCO in a research note on Wednesday, June 26th. They set a “neutral” rating and a $108.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Truist Financial reissued a “buy” rating and set a $118.00 target price (down from $130.00) on shares of AGCO in a research note on Wednesday, July 31st. Finally, Raymond James assumed coverage on shares of AGCO in a research note on Friday, June 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.91.

AGCO Stock Down 1.1 %

NYSE AGCO opened at $94.74 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. The company’s 50 day simple moving average is $92.33 and its 200 day simple moving average is $104.23. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The company has a market capitalization of $7.07 billion, a P/E ratio of 6.41, a PEG ratio of 0.83 and a beta of 1.25.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). AGCO had a return on equity of 21.17% and a net margin of 3.13%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the previous year, the firm earned $4.29 earnings per share. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. Equities research analysts expect that AGCO Co. will post 8 earnings per share for the current fiscal year.

AGCO Dividend Announcement

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

Insider Buying and Selling

In other news, Director Michael C. Arnold purchased 1,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price 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 of the company’s stock, valued at $1,794,575.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael C. Arnold purchased 1,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price 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 of the company’s stock, valued at $1,794,575.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lange Bob De purchased 1,420 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now directly owns 7,007 shares of the company’s stock, valued at $615,985.37. The disclosure for this purchase can be found here. Insiders own 16.60% of the company’s stock.

About AGCO

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.