3,861 Shares in AGCO Co. (NYSE:AGCO) Purchased by Isthmus Partners LLC

Isthmus Partners LLC bought a new position in shares of AGCO Co. (NYSE:AGCO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,861 shares of the industrial products company’s stock, valued at approximately $378,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. grew its holdings in shares of AGCO by 30.0% during the 2nd 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of AGCO by 146.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after acquiring an additional 50,892 shares during the period. Cetera Investment Advisers grew its holdings in shares of AGCO by 377.0% during the 1st quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after acquiring an additional 13,985 shares during the period. Stratos Wealth Advisors LLC grew its holdings in shares of AGCO by 42.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock worth $1,670,000 after acquiring an additional 5,069 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of AGCO by 150.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,591 shares of the industrial products company’s stock worth $1,624,000 after purchasing an additional 9,956 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of analyst reports. StockNews.com cut AGCO from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial boosted their price target on AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup boosted their price target on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. BMO Capital Markets initiated coverage on AGCO in a research report on Friday, August 9th. They issued a “market perform” rating and a $96.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $114.40.

AGCO Stock Performance

AGCO stock opened at $101.35 on Friday. The stock has a market capitalization of $7.56 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 0.58 and a beta of 1.25. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock’s 50 day simple moving average is $97.22 and its 200 day simple moving average is $97.24.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.97 earnings per share. As a group, research analysts forecast that AGCO Co. will post 7.34 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. 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 1.14%. 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.