Oppenheimer & Co. Inc. Has $1.67 Million Holdings in AGCO Co. (NYSE:AGCO)

Oppenheimer & Co. Inc. boosted its holdings in AGCO Co. (NYSE:AGCO) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,022 shares of the industrial products company’s stock after purchasing an additional 126 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AGCO were worth $1,666,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. LRI Investments LLC acquired a new stake in shares of AGCO in the first quarter valued at approximately $30,000. Blue Trust Inc. raised its holdings 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 in the last quarter. Venturi Wealth Management LLC lifted its position in shares of 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 during the period. First Horizon Advisors Inc. grew its holdings in shares of 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 purchasing an additional 167 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of AGCO by 50.2% in the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the period. Institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AGCO shares. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. UBS Group reduced their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird lowered their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Citigroup raised their target price on AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $114.40.

AGCO Stock Performance

Shares of AGCO stock opened at $93.70 on Monday. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 41.46, a P/E/G ratio of 0.53 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company’s fifty day moving average is $95.94 and its 200 day moving average is $98.28.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.40). The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company’s quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.97 EPS. Sell-side analysts forecast that AGCO Co. will post 7.32 EPS for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s dividend payout ratio is 51.33%.

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.