Vontobel Holding Ltd. Has $7.93 Million Stock Position in AGCO Co. (NYSE:AGCO)

Vontobel Holding Ltd. raised its position in shares of AGCO Co. (NYSE:AGCO - Free Report) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,062 shares of the industrial products company's stock after purchasing an additional 6,079 shares during the period. Vontobel Holding Ltd. owned 0.11% of AGCO worth $7,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC increased its holdings in shares of AGCO by 121.9% during the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC increased its stake in AGCO by 93.2% during the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company's stock valued at $28,000 after buying an additional 110 shares during the period. LRI Investments LLC bought a new stake in shares of AGCO during the 1st quarter worth about $30,000. Blue Trust Inc. lifted its stake in shares of AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock worth $34,000 after acquiring an additional 174 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of AGCO by 69.0% in the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

AGCO has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on AGCO from $127.00 to $112.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. UBS Group dropped their price objective on AGCO from $107.00 to $104.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Barclays decreased their target price 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. Truist Financial boosted their price target on shares of AGCO from $118.00 to $127.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Oppenheimer reduced their price objective on shares of AGCO from $133.00 to $132.00 and set an "outperform" rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $117.80.

Insider Activity at AGCO

In related news, Director Michael C. Arnold purchased 1,800 shares of AGCO stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $87.69 per share, with a total value of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares of the company's stock, valued at $1,794,575.85. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Lange Bob De bought 1,420 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the purchase, the director now directly owns 7,007 shares of the company's stock, valued at $615,985.37. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Arnold bought 1,800 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the transaction, the director now owns 20,465 shares in the company, valued at approximately $1,794,575.85. The trade was 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 owned by insiders.

AGCO Trading Up 0.8 %

Shares of AGCO traded up $0.82 during midday trading on Friday, hitting $101.69. The stock had a trading volume of 726,606 shares, compared to its average volume of 764,396. The business has a 50-day simple moving average of $92.72 and a two-hundred day simple moving average of $101.78. The firm has a market cap of $7.59 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data 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). AGCO had a return on equity of 21.17% and a net margin of 3.13%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business posted $4.29 EPS. The company's revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities analysts forecast that AGCO Co. will post 8 EPS for the current year.

AGCO 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.