AGCO Co. (NYSE:AGCO) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its stake in shares of AGCO Co. (NYSE:AGCO) by 55.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,666 shares of the industrial products company’s stock after selling 5,795 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in AGCO were worth $566,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in AGCO by 1.7% in the 4th quarter. Nordea Investment Management AB now owns 61,828 shares of the industrial products company’s stock worth $7,492,000 after buying an additional 1,036 shares during the period. Vanguard Group Inc. increased its holdings in AGCO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,755,557 shares of the industrial products company’s stock worth $799,047,000 after buying an additional 32,583 shares during the period. Invesco Ltd. increased its holdings in AGCO by 53.1% in the 3rd quarter. Invesco Ltd. now owns 374,810 shares of the industrial products company’s stock worth $44,333,000 after buying an additional 130,051 shares during the period. Schroder Investment Management Group increased its holdings in AGCO by 45.7% in the 3rd quarter. Schroder Investment Management Group now owns 147,467 shares of the industrial products company’s stock worth $17,442,000 after buying an additional 46,239 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in AGCO in the 3rd quarter worth approximately $1,151,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the topic of several research reports. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. increased their price target on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Oppenheimer increased their price target on shares of AGCO from $153.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Truist Financial began coverage on AGCO in a research report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.50.

AGCO Trading Up 0.4 %

AGCO stock opened at $116.73 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30. AGCO Co. has a 12 month low of $105.77 and a 12 month high of $140.46. The stock’s 50 day simple moving average is $115.42 and its two-hundred day simple moving average is $117.12. The firm has a market cap of $8.71 billion, a PE ratio of 7.47, a P/E/G ratio of 0.67 and a beta of 1.31.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter last year, the business earned $4.47 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts anticipate that AGCO Co. will post 13.05 earnings per share for the current year.

AGCO Company 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.