Great Valley Advisor Group Inc. Raises Position in AGCO Co. (NYSE:AGCO)

Great Valley Advisor Group Inc. grew its holdings in AGCO Co. (NYSE:AGCO - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,567 shares of the industrial products company's stock after purchasing an additional 2,747 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in AGCO were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AGCO. GeoWealth Management LLC bought a new stake in AGCO in the 4th quarter valued at about $27,000. Allworth Financial LP raised its position in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company's stock worth $30,000 after purchasing an additional 220 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of AGCO in the 4th quarter worth $33,000. Jones Financial Companies Lllp increased its stake in AGCO by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 265 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in AGCO by 30.8% during the 4th quarter. First Horizon Advisors Inc. now owns 688 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGCO shares. Truist Financial reduced their price objective on shares of AGCO from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Robert W. Baird downgraded shares of AGCO from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $116.00 to $100.00 in a report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $110.00 to $117.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, UBS Group set a $106.00 target price on AGCO in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, AGCO currently has a consensus rating of "Hold" and an average price target of $104.10.

Insider Buying and Selling at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $106.18, for a total transaction of $26,545.00. Following the completion of the transaction, the senior vice president now owns 17,380 shares of the company's stock, valued at $1,845,408.40. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.60% of the company's stock.

AGCO Stock Performance

AGCO traded down $3.77 during trading hours on Friday, hitting $97.75. The stock had a trading volume of 1,046,644 shares, compared to its average volume of 906,050. AGCO Co. has a 1 year low of $73.79 and a 1 year high of $108.76. The company's fifty day simple moving average is $92.04 and its 200 day simple moving average is $95.35. The stock has a market cap of $7.29 billion, a PE ratio of -17.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.20. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.38. AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business earned $2.32 earnings per share. The company's quarterly revenue was down 30.0% on a year-over-year basis. Equities analysts anticipate that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a $0.29 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. AGCO's dividend payout ratio is -14.87%.

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.