Creative Planning Grows Holdings in AGCO Co. (NYSE:AGCO)

Creative Planning increased its position in shares of AGCO Co. (NYSE:AGCO) by 34.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,655 shares of the industrial products company’s stock after buying an additional 2,498 shares during the period. Creative Planning’s holdings in AGCO were worth $945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its holdings in shares of AGCO by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 15,258 shares of the industrial products company’s stock valued at $1,877,000 after buying an additional 300 shares during the period. Nordea Investment Management AB raised its holdings in shares of AGCO by 11.4% during the first quarter. Nordea Investment Management AB now owns 68,850 shares of the industrial products company’s stock valued at $8,426,000 after buying an additional 7,022 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of AGCO by 121.9% during the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after buying an additional 117 shares during the period. Pegasus Asset Management Inc. increased its position in AGCO by 0.9% in the 1st quarter. Pegasus Asset Management Inc. now owns 29,052 shares of the industrial products company’s stock valued at $3,574,000 after acquiring an additional 249 shares during the period. Finally, Buck Wealth Strategies LLC acquired a new position in AGCO during the 1st quarter worth $1,991,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Buying and Selling at AGCO

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

AGCO Stock Down 0.5 %

AGCO opened at $99.39 on Friday. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The business has a 50-day moving average of $95.21 and a 200-day moving average of $100.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 0.72. The company has a market capitalization of $7.42 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.95 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its quarterly earnings data 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). The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.29 EPS. Equities research analysts forecast that AGCO Co. will post 7.87 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.17%. AGCO’s payout ratio is 20.71%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AGCO. JPMorgan Chase & Co. decreased their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird dropped their target price on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group lowered their price target on AGCO from $127.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Truist Financial upped their price objective on AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, UBS Group dropped their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One research 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 company currently has an average rating of “Hold” and a consensus target price of $117.80.

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.