Vontobel Holding Ltd. Increases Stock Position in AGCO Co. (NYSE:AGCO)

Vontobel Holding Ltd. grew its stake in shares of AGCO Co. (NYSE:AGCO) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,351 shares of the industrial products company’s stock after acquiring an additional 6,494 shares during the quarter. Vontobel Holding Ltd.’s holdings in AGCO were worth $12,912,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bragg Financial Advisors Inc boosted its holdings in shares of AGCO by 0.6% during the 4th quarter. Bragg Financial Advisors Inc now owns 13,340 shares of the industrial products company’s stock valued at $1,850,000 after acquiring an additional 86 shares during the last quarter. Nkcfo LLC boosted its holdings in shares of AGCO by 20.5% during the 3rd quarter. Nkcfo LLC now owns 530 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 90 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of AGCO by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 14,958 shares of the industrial products company’s stock valued at $1,816,000 after acquiring an additional 100 shares during the last quarter. PDT Partners LLC boosted its holdings in shares of AGCO by 3.1% during the 2nd quarter. PDT Partners LLC now owns 3,300 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 100 shares during the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of AGCO by 50.0% during the 4th quarter. Denali Advisors LLC now owns 309 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial started coverage on shares of AGCO in a research note on Thursday, March 14th. They issued a “buy” rating and a $142.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on shares of AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.38.

AGCO Price Performance

NYSE AGCO opened at $118.04 on Tuesday. AGCO Co. has a 12 month low of $105.77 and a 12 month high of $140.46. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.69 and a beta of 1.31. The company’s 50 day moving average is $115.57 and its two-hundred day moving average is $117.13. The company has a current ratio of 1.46, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing analysts’ consensus estimates of $4.03 by ($0.25). AGCO had a return on equity of 26.96% and a net margin of 8.13%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the previous year, the business posted $4.47 EPS. AGCO’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts anticipate that AGCO Co. will post 13.03 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, February 14th. AGCO’s payout ratio is 7.42%.

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.