AGCO Co. (NYSE:AGCO) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its position in AGCO Co. (NYSE:AGCO) by 114.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 790 shares of the industrial products company’s stock after acquiring an additional 422 shares during the period. Venturi Wealth Management LLC’s holdings in AGCO were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AGCO. Creative Planning grew its position in shares of AGCO by 34.9% in the 3rd quarter. Creative Planning now owns 9,655 shares of the industrial products company’s stock worth $945,000 after acquiring an additional 2,498 shares in the last quarter. Blue Trust Inc. grew its position in shares of AGCO by 189.0% in the 3rd quarter. Blue Trust Inc. now owns 994 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 650 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of AGCO in the 3rd quarter worth approximately $247,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AGCO by 58.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 836 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 308 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of AGCO in the 3rd quarter worth approximately $252,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Down 2.4 %

Shares of AGCO stock opened at $96.51 on Tuesday. The business’s fifty day moving average price is $97.77 and its two-hundred day moving average price is $95.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The company has a market capitalization of $7.20 billion, a P/E ratio of -16.96, a PEG ratio of 1.85 and a beta of 1.25. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. As a group, research analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio is presently -20.39%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial raised their price target on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Citigroup cut their price target on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price target on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.20.

AGCO 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.