LPL Financial LLC Has $2.14 Million Position in AGCO Co. (NYSE:AGCO)

LPL Financial LLC grew its holdings in AGCO Co. (NYSE:AGCO) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,812 shares of the industrial products company’s stock after purchasing an additional 1,016 shares during the period. LPL Financial LLC’s holdings in AGCO were worth $2,135,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of AGCO in the 4th quarter valued at about $1,234,000. Sei Investments Co. boosted its position in AGCO by 31.9% during the fourth quarter. Sei Investments Co. now owns 178,175 shares of the industrial products company’s stock valued at $16,655,000 after purchasing an additional 43,119 shares during the last quarter. American Century Companies Inc. grew its stake in AGCO by 11.4% in the fourth quarter. American Century Companies Inc. now owns 124,696 shares of the industrial products company’s stock valued at $11,657,000 after purchasing an additional 12,780 shares in the last quarter. Quantbot Technologies LP increased its position in shares of AGCO by 335.3% during the 4th quarter. Quantbot Technologies LP now owns 46,758 shares of the industrial products company’s stock worth $4,371,000 after purchasing an additional 36,017 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new stake in shares of AGCO during the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of research analyst reports. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $116.00 to $100.00 in a research note on Monday, March 3rd. Citigroup upgraded shares of AGCO from a “neutral” rating to a “buy” rating and cut their target price for the stock from $98.00 to $90.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. increased their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Truist Financial cut their price objective on shares of AGCO from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and an average price target of $100.90.

AGCO Price Performance

Shares of NYSE AGCO opened at $85.84 on Tuesday. The stock has a fifty day moving average of $93.43 and a 200-day moving average of $96.10. The stock has a market cap of $6.40 billion, a PE ratio of -15.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $121.78.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Equities research analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.35%. AGCO’s dividend payout ratio is currently -20.39%.

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.