Venturi Wealth Management LLC Increases Position in AGCO Co. (NYSE:AGCO)

Venturi Wealth Management LLC lifted its holdings in AGCO Co. (NYSE:AGCO) by 132.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 368 shares of the industrial products company’s stock after purchasing an additional 210 shares during the period. Venturi Wealth Management LLC’s holdings in AGCO were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGCO. LRI Investments LLC purchased a new stake in AGCO in the first quarter worth $30,000. Blue Trust Inc. increased its stake in 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 buying an additional 174 shares during the period. First Horizon Advisors Inc. boosted its position in AGCO by 69.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after buying an additional 167 shares during the period. Farther Finance Advisors LLC grew its stake in AGCO by 50.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 139 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of AGCO by 2,238.9% during the first quarter. Bessemer Group Inc. now owns 421 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 403 shares during the period. 78.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AGCO. BMO Capital Markets began coverage on AGCO in a report on Friday, August 9th. They issued a “market perform” rating and a $96.00 price target for the company. Robert W. Baird dropped their price target on AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. UBS Group decreased their price objective on AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Truist Financial increased their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Citigroup boosted their price target on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $114.40.

AGCO Trading Up 1.9 %

NYSE:AGCO opened at $93.74 on Friday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 0.51 and a beta of 1.25. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $95.94 and a 200 day moving average of $98.39.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the business earned $3.97 EPS. The firm’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that AGCO Co. will post 7.32 earnings per share for the current fiscal year.

AGCO Announces Dividend

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 1.24%. AGCO’s dividend payout ratio (DPR) is currently 51.33%.

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.