AGCO Co. (NYSE:AGCO) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in shares of AGCO Co. (NYSE:AGCO - Free Report) by 150.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,591 shares of the industrial products company's stock after acquiring an additional 9,956 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in AGCO were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Forum Financial Management LP raised its holdings in AGCO by 5.5% during the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company's stock worth $206,000 after purchasing an additional 109 shares in the last quarter. Capital Insight Partners LLC lifted its holdings in shares of AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company's stock valued at $431,000 after buying an additional 110 shares during the period. Farther Finance Advisors LLC boosted its position 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 worth $41,000 after purchasing an additional 139 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of AGCO by 3.9% during the 1st quarter. William Blair Investment Management LLC now owns 3,766 shares of the industrial products company's stock worth $463,000 after purchasing an additional 143 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in shares of AGCO by 2.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,604 shares of the industrial products company's stock valued at $549,000 after purchasing an additional 143 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group decreased their price objective on shares of AGCO from $107.00 to $104.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Truist Financial lifted their price objective on AGCO from $118.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Robert W. Baird decreased their target price on AGCO from $139.00 to $129.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 31st. Barclays cut their price target on AGCO from $145.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AGCO from $130.00 to $115.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $114.40.

AGCO Trading Up 3.3 %

NYSE AGCO traded up $2.91 during mid-day trading on Thursday, reaching $92.37. 980,355 shares of the stock were exchanged, compared to its average volume of 780,216. The stock has a market capitalization of $6.89 billion, a PE ratio of 40.85, a PEG ratio of 0.51 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. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26. The business's fifty day simple moving average is $95.75 and its 200 day simple moving average is $98.61.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business earned $3.97 EPS. AGCO's revenue for the quarter was down 24.8% compared to the same quarter last year. On average, research analysts anticipate that AGCO Co. will post 7.32 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business 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 is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. AGCO's payout ratio is currently 51.33%.

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.