Raymond James Trust N.A. Boosts Stake in AGCO Co. (NYSE:AGCO)

Raymond James Trust N.A. lifted its holdings in shares of AGCO Co. (NYSE:AGCO) by 48.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,519 shares of the industrial products company’s stock after purchasing an additional 2,763 shares during the quarter. Raymond James Trust N.A.’s holdings in AGCO were worth $834,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AGCO. Great Valley Advisor Group Inc. grew its position in AGCO by 30.0% in the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock worth $3,038,000 after acquiring an additional 7,171 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of AGCO by 146.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock valued at $10,538,000 after purchasing an additional 50,892 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of AGCO by 377.0% in the 1st quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock valued at $2,177,000 after purchasing an additional 13,985 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of AGCO by 42.3% during the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock valued at $1,670,000 after buying an additional 5,069 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of AGCO in the first quarter worth about $1,304,000. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Robert W. Baird reduced their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. The Goldman Sachs Group cut their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Oppenheimer reduced their price target 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. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Up 1.0 %

AGCO stock opened at $98.43 on Monday. The business has a 50 day moving average of $96.49 and a 200 day moving average of $97.63. 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 firm has a market cap of $7.35 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 0.55 and a beta of 1.25. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the company earned $3.97 EPS. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, research analysts forecast that AGCO Co. will post 7.34 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. Investors of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 1.18%. AGCO’s payout ratio is 51.33%.

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.