2,520 Shares in AGCO Co. (NYSE:AGCO) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in AGCO Co. (NYSE:AGCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,520 shares of the industrial products company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AGCO. M&T Bank Corp grew its stake in shares of AGCO by 133.0% during the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock worth $8,263,000 after purchasing an additional 48,198 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock worth $61,024,000 after acquiring an additional 12,328 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of AGCO by 42.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after acquiring an additional 5,069 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock worth $66,959,000 after acquiring an additional 150,656 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of AGCO by 150.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock worth $1,624,000 after acquiring an additional 9,956 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AGCO has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer dropped their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective for the company. Finally, Citigroup lifted their target price on AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.10.

AGCO Stock Down 1.6 %

AGCO opened at $90.13 on Thursday. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The business has a 50 day moving average price of $95.54 and a two-hundred day moving average price of $95.09. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.73 billion, a PE ratio of 39.88, a P/E/G ratio of 0.56 and a beta of 1.25.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $3.97 EPS. AGCO’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, research analysts anticipate that AGCO Co. will post 7.36 EPS for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, November 15th. AGCO’s payout ratio is 51.33%.

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.