Sequoia Financial Advisors LLC Acquires New Shares in AGCO Co. (NYSE:AGCO)

Sequoia Financial Advisors LLC acquired a new stake in shares of AGCO Co. (NYSE:AGCO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,527 shares of the industrial products company’s stock, valued at approximately $247,000.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted its position in AGCO by 121.9% in the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 117 shares during the last quarter. Manchester Capital Management LLC boosted its position in AGCO by 93.2% in the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 110 shares during the last quarter. LRI Investments LLC purchased a new position in AGCO in the first quarter worth about $30,000. Blue Trust Inc. boosted its position in AGCO by 102.4% in the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 174 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 167 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGCO has been the topic of several recent research reports. Oppenheimer decreased their price objective on AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Barclays decreased their price objective on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. Robert W. Baird decreased their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Citigroup raised their price objective on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $117.80.

AGCO Stock Down 1.6 %

Shares of AGCO opened at $100.22 on Wednesday. The company has a market capitalization of $7.48 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. The business’s 50 day moving average is $94.53 and its 200 day moving average is $100.40. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26.

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

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, November 15th. AGCO’s dividend payout ratio is presently 7.85%.

Insider Buying and Selling at AGCO

In other news, Director Michael C. Arnold purchased 1,800 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the acquisition, the director now directly owns 20,465 shares of the company’s stock, valued at $1,794,575.85. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lange Bob De bought 1,420 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now owns 7,007 shares in the company, valued at $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael C. Arnold bought 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $87.69 per share, with a total value of $157,842.00. Following the acquisition, the director now owns 20,465 shares in the company, valued at approximately $1,794,575.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

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.