Wealth Enhancement Advisory Services LLC Acquires 243 Shares of AGCO Co. (NYSE:AGCO)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of AGCO Co. (NYSE:AGCO) by 4.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,754 shares of the industrial products company’s stock after purchasing an additional 243 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AGCO were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc boosted its holdings in shares of AGCO by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 2,265 shares of the industrial products company’s stock worth $212,000 after buying an additional 110 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of AGCO by 2.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,207 shares of the industrial products company’s stock worth $580,000 after buying an additional 144 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of AGCO by 2.3% during the 4th quarter. Neuberger Berman Group LLC now owns 6,552 shares of the industrial products company’s stock worth $612,000 after buying an additional 145 shares in the last quarter. Arizona State Retirement System raised its position in shares of AGCO by 0.8% during the fourth quarter. Arizona State Retirement System now owns 18,414 shares of the industrial products company’s stock worth $1,721,000 after purchasing an additional 150 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of AGCO by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 3,635 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 154 shares during the period. 78.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 17,380 shares of the company’s stock, valued at $1,845,408.40. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AGCO shares. Oppenheimer lowered their target price on AGCO from $109.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Citigroup reaffirmed a “neutral” rating and set a $110.00 target price on shares of AGCO in a research report on Friday, May 30th. Wall Street Zen raised AGCO from a “sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. UBS Group set a $106.00 target price on AGCO in a research report on Tuesday, April 22nd. Finally, Baird R W lowered AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.10.

AGCO Trading Down 0.2%

NYSE AGCO opened at $102.46 on Thursday. The firm has a market capitalization of $7.64 billion, a P/E ratio of -18.01, a PEG ratio of 1.80 and a beta of 1.24. The business has a fifty day simple moving average of $93.66 and a 200 day simple moving average of $95.81. AGCO Co. has a 12 month low of $73.79 and a 12 month high of $108.76. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.38. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.06 billion. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. AGCO’s quarterly revenue was down 30.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 EPS. On average, analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, May 15th. AGCO’s dividend payout ratio is presently -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.