Stifel Financial Corp lessened its position in AGCO Co. (NYSE:AGCO - Free Report) by 31.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,179 shares of the industrial products company's stock after selling 14,900 shares during the period. Stifel Financial Corp's holdings in AGCO were worth $3,247,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of AGCO in the third quarter valued at approximately $29,000. LRI Investments LLC grew its holdings in AGCO by 94.3% in the 2nd quarter. LRI Investments LLC now owns 340 shares of the industrial products company's stock worth $33,000 after buying an additional 165 shares in the last quarter. Blue Trust Inc. increased its position in AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 174 shares during the period. Venturi Wealth Management LLC raised its stake in 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 acquiring an additional 210 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company's stock worth $40,000 after acquiring an additional 167 shares during the period. 78.80% of the stock is currently owned by institutional investors.
AGCO Price Performance
Shares of NYSE:AGCO opened at $96.87 on Wednesday. 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 company has a market capitalization of $7.23 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. The stock has a fifty day moving average of $97.54 and a 200-day moving average of $96.23. AGCO Co. has a one year low of $84.35 and a one year high of $130.26.
AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). The company had revenue of $2.60 billion for the quarter, compared to analysts' expectations of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company's revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.97 earnings per share. As a group, equities analysts anticipate that AGCO Co. will post 7.36 EPS for the current fiscal year.
AGCO Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, November 15th. AGCO's dividend payout ratio (DPR) is currently 51.33%.
Analyst Ratings Changes
A number of research analysts have recently commented on AGCO shares. StockNews.com lowered AGCO from a "hold" rating to a "sell" rating in a report on Wednesday, December 11th. Citigroup raised their target price on shares of AGCO from $95.00 to $100.00 and gave the company a "neutral" rating in a research note on Monday, December 9th. Oppenheimer reduced their price target on shares of AGCO from $131.00 to $111.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Finally, Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They set an "equal weight" rating and a $101.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, AGCO currently has an average rating of "Hold" and an average target price of $113.18.
View Our Latest Report 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.
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