Signaturefd LLC trimmed its position in shares of AGCO Co. (NYSE:AGCO – Free Report) by 14.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 687 shares of the industrial products company’s stock after selling 112 shares during the quarter. Signaturefd LLC’s holdings in AGCO were worth $67,000 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. Sei Investments Co. boosted its stake in AGCO by 28.6% during the first quarter. Sei Investments Co. now owns 63,831 shares of the industrial products company’s stock worth $7,853,000 after buying an additional 14,201 shares during the period. Great Valley Advisor Group Inc. boosted its stake in AGCO by 30.0% during 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 buying an additional 7,171 shares during the period. Acadian Asset Management LLC boosted its stake in AGCO by 575.9% during the first quarter. Acadian Asset Management LLC now owns 41,664 shares of the industrial products company’s stock worth $5,125,000 after buying an additional 35,500 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in AGCO by 146.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock worth $10,538,000 after buying an additional 50,892 shares during the period. Finally, Cetera Investment Advisers boosted its stake in AGCO by 377.0% during the first quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after buying an additional 13,985 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Michael C. Arnold bought 1,800 shares of AGCO stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, the director now owns 20,465 shares of the company’s stock, valued at $1,794,575.85. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael C. Arnold acquired 1,800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the acquisition, the director now directly owns 20,465 shares in the company, valued at $1,794,575.85. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lange Bob De acquired 1,420 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now owns 7,007 shares of the company’s stock, valued at approximately $615,985.37. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by corporate insiders.
AGCO Stock Down 1.6 %
AGCO (NYSE:AGCO – Get Free Report) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.29 earnings per share. As a group, research analysts anticipate that AGCO Co. will post 8 EPS for the current fiscal year.
AGCO Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.16%. AGCO’s dividend payout ratio is presently 7.85%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Barclays lowered their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, July 18th. The Goldman Sachs Group lowered their target price on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Citigroup boosted their target price on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Truist Financial boosted their target price on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.80.
Read Our Latest Stock Analysis on AGCO
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.
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