Alberta Investment Management Corp grew its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 98.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,020 shares of the industrial products company's stock after purchasing an additional 24,320 shares during the period. Alberta Investment Management Corp owned approximately 0.07% of AGCO worth $4,582,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 220 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of AGCO during the 3rd quarter valued at about $29,000. UMB Bank n.a. boosted its stake in shares of AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of AGCO by 132.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 78.80% of the company's stock.
AGCO Stock Down 2.9 %
AGCO stock traded down $2.94 during trading hours on Friday, hitting $98.80. The stock had a trading volume of 1,027,926 shares, compared to its average volume of 781,924. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $7.37 billion, a P/E ratio of -17.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The stock's 50-day moving average price is $97.77 and its 200-day moving average price is $95.69.
AGCO (NYSE:AGCO - Get Free Report) last issued 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 EPS for the current fiscal year.
AGCO Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. AGCO's payout ratio is -20.39%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $102.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. Citigroup lowered their price target on shares of AGCO from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, January 14th. Truist Financial lifted their price target on shares of AGCO from $109.00 to $118.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price target on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Finally, Morgan Stanley assumed coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $107.20.
Get Our Latest Analysis on AGCO
AGCO Profile
(
Free Report)
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.
Further Reading
Before you consider AGCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AGCO wasn't on the list.
While AGCO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
