180,200 Shares in AGCO Co. (NYSE:AGCO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of AGCO Co. (NYSE:AGCO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 180,200 shares of the industrial products company's stock, valued at approximately $16,845,000. Raymond James Financial Inc. owned 0.24% of AGCO at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after buying an additional 220 shares during the last quarter. Brooklyn Investment Group purchased a new position in AGCO in the third quarter valued at about $29,000. UMB Bank n.a. grew its position 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 acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new position in AGCO during the fourth quarter valued at $33,000. Finally, Jones Financial Companies Lllp raised its stake in shares of AGCO by 112.3% in the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after buying an additional 265 shares during the period. Institutional investors own 78.80% of the company's stock.

Wall Street Analysts Forecast Growth

AGCO has been the subject of several research reports. Citigroup increased their price target on AGCO from $95.00 to $98.00 and gave the stock a "neutral" rating in a research note on Monday. Truist Financial increased their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Morgan Stanley initiated coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 price target on the stock. Oppenheimer raised their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Baird R W cut shares of AGCO from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $104.60.

Remove Ads

AGCO Price Performance

NYSE AGCO traded down $1.35 during trading on Friday, reaching $93.12. The company's stock had a trading volume of 2,768,714 shares, compared to its average volume of 822,664. The firm has a fifty day moving average of $98.79 and a 200 day moving average of $96.62. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The stock has a market capitalization of $6.95 billion, a PE ratio of -16.37, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share 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%. Analysts expect that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. AGCO's dividend payout ratio is currently -20.39%.

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.