Vest Financial LLC Has $2.47 Million Stock Holdings in AGCO Co. (NYSE:AGCO)

Vest Financial LLC grew its position in AGCO Co. (NYSE:AGCO - Free Report) by 67.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,432 shares of the industrial products company's stock after acquiring an additional 10,684 shares during the period. Vest Financial LLC's holdings in AGCO were worth $2,471,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in AGCO during the fourth quarter worth about $3,144,000. Gateway Investment Advisers LLC acquired a new position in AGCO during the fourth quarter worth approximately $311,000. Olstein Capital Management L.P. increased its position in AGCO by 20.8% during the fourth quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company's stock worth $1,355,000 after purchasing an additional 2,500 shares during the last quarter. M&T Bank Corp grew its stake in AGCO by 133.0% during the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company's stock worth $8,263,000 after buying an additional 48,198 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in AGCO by 2.0% during the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company's stock worth $61,024,000 after buying an additional 12,328 shares during the period. Hedge funds and other institutional investors own 78.80% of the company's stock.

AGCO Price Performance

AGCO traded up $1.23 on Wednesday, reaching $97.46. The company had a trading volume of 1,224,707 shares, compared to its average volume of 764,950. AGCO Co. has a one year low of $84.35 and a one year high of $125.76. The company has a current ratio of 1.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $97.54 and a 200-day moving average of $95.42. The company has a market capitalization of $7.27 billion, a P/E ratio of -17.13, a PEG ratio of 0.97 and a beta of 1.25.

AGCO (NYSE:AGCO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. As a group, equities research analysts anticipate that AGCO Co. will post 4.22 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 14th. AGCO's payout ratio is presently -20.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AGCO shares. Morgan Stanley began coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an "equal weight" rating and a $101.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of AGCO from $112.00 to $99.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. StockNews.com raised shares of AGCO from a "sell" rating to a "hold" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $102.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, January 15th. Finally, Truist Financial increased their price objective on shares of AGCO from $109.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AGCO has an average rating of "Hold" and an average target price of $107.20.

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.