River Global Investors LLP Boosts Holdings in AGCO Co. (NYSE:AGCO)

River Global Investors LLP boosted its position in shares of AGCO Co. (NYSE:AGCO) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,890 shares of the industrial products company’s stock after buying an additional 2,020 shares during the quarter. River Global Investors LLP’s holdings in AGCO were worth $1,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of AGCO by 252.0% during the first quarter. SG Americas Securities LLC now owns 8,317 shares of the industrial products company’s stock valued at $1,023,000 after purchasing an additional 5,954 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of AGCO by 69.0% during the first quarter. Oppenheimer & Co. Inc. now owns 17,922 shares of the industrial products company’s stock valued at $2,205,000 after purchasing an additional 7,316 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of AGCO by 6.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,439 shares of the industrial products company’s stock valued at $1,407,000 after purchasing an additional 704 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of AGCO by 16.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,880 shares of the industrial products company’s stock valued at $723,000 after purchasing an additional 812 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of AGCO by 28.6% during the first quarter. Sei Investments Co. now owns 63,831 shares of the industrial products company’s stock valued at $7,853,000 after purchasing an additional 14,201 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Down 2.4 %

AGCO stock traded down $2.26 during trading hours on Friday, reaching $91.86. The stock had a trading volume of 1,041,947 shares, compared to its average volume of 826,163. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 0.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The business’s 50 day moving average price is $95.69 and its 200-day moving average price is $99.18. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26.

AGCO (NYSE:AGCO) last announced its 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). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.97 earnings per share. Sell-side analysts anticipate that AGCO Co. will post 7.48 EPS for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. AGCO’s dividend payout ratio (DPR) is currently 51.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGCO. The Goldman Sachs Group lowered their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Robert W. Baird decreased their price objective on AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. StockNews.com downgraded AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.40.

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.