AGCO Co. (NYSE:AGCO) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in AGCO Co. (NYSE:AGCO) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,192 shares of the industrial products company’s stock after acquiring an additional 285 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AGCO were worth $3,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGCO. Raymond James Financial Services Advisors Inc. increased its stake in shares of AGCO by 21.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,962 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 522 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in AGCO during the first quarter worth $306,000. Acadian Asset Management LLC boosted its holdings in AGCO by 118.1% during the first quarter. Acadian Asset Management LLC now owns 1,758 shares of the industrial products company’s stock worth $256,000 after buying an additional 952 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in AGCO by 10.4% during the first quarter. Great West Life Assurance Co. Can now owns 36,347 shares of the industrial products company’s stock worth $5,469,000 after buying an additional 3,425 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in AGCO by 3.6% during the first quarter. Raymond James Trust N.A. now owns 3,743 shares of the industrial products company’s stock worth $547,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus decreased their price objective on shares of AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a report on Tuesday, December 19th. Finally, Truist Financial assumed coverage on shares of AGCO in a report on Thursday, March 14th. They set a “buy” rating and a $142.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.33.

AGCO Price Performance

Shares of NYSE AGCO opened at $121.92 on Friday. The firm has a 50-day simple moving average of $115.67 and a 200-day simple moving average of $117.12. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.69 and a beta of 1.31. The company has a quick ratio of 0.67, a current ratio of 1.46 and a debt-to-equity ratio of 0.30. AGCO Co. has a 52 week low of $105.77 and a 52 week high of $140.46.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). The business had revenue of $3.80 billion during the quarter, compared to analyst estimates of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. AGCO’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $4.47 earnings per share. On average, equities analysts predict that AGCO Co. will post 13.08 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, February 14th. AGCO’s payout ratio is currently 7.42%.

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.