Charles Schwab Investment Management Inc. Raises Holdings in AGCO Co. (NYSE:AGCO)

Charles Schwab Investment Management Inc. lifted its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,138 shares of the industrial products company's stock after purchasing an additional 13,737 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.61% of AGCO worth $44,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AGCO. LRI Investments LLC boosted its holdings in AGCO by 94.3% in the second quarter. LRI Investments LLC now owns 340 shares of the industrial products company's stock worth $33,000 after acquiring an additional 165 shares in the last quarter. Blue Trust Inc. increased its stake in AGCO by 102.4% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 174 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in AGCO by 132.9% in the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company's stock worth $36,000 after buying an additional 210 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock valued at $40,000 after buying an additional 167 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on AGCO shares. Oppenheimer cut their target price on AGCO from $131.00 to $111.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Citigroup lifted their price objective on AGCO from $88.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. BMO Capital Markets started coverage on AGCO in a research report on Friday, August 9th. They issued a "market perform" rating and a $96.00 target price for the company. Truist Financial raised their price target on shares of AGCO from $118.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, StockNews.com cut shares of AGCO from a "hold" rating to a "sell" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of "Hold" and an average target price of $114.40.

AGCO Trading Up 0.3 %

NYSE AGCO traded up $0.31 on Monday, hitting $101.52. 883,919 shares of the stock were exchanged, compared to its average volume of 787,388. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $130.26. The firm has a market capitalization of $7.58 billion, a P/E ratio of 44.92, a P/E/G ratio of 0.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The stock has a fifty day moving average price of $97.35 and a two-hundred day moving average price of $96.88.

AGCO (NYSE:AGCO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). The business had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company's quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.97 earnings per share. Research analysts forecast that AGCO Co. will post 7.34 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.14%. AGCO's dividend payout ratio is presently 51.33%.

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.