AGCO Co. (NYSE:AGCO) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its holdings in AGCO Co. (NYSE:AGCO) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,299 shares of the industrial products company’s stock after buying an additional 118 shares during the period. Inspire Investing LLC’s holdings in AGCO were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGCO. Gateway Investment Advisers LLC acquired a new stake in AGCO in the 4th quarter valued at about $311,000. M&T Bank Corp increased its holdings in shares of AGCO by 133.0% in the third quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock valued at $8,263,000 after purchasing an additional 48,198 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in AGCO by 2.0% during the third quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock worth $61,024,000 after buying an additional 12,328 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in AGCO by 42.3% during the third quarter. Stratos Wealth Advisors LLC now owns 17,064 shares of the industrial products company’s stock worth $1,670,000 after buying an additional 5,069 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in AGCO by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after buying an additional 150,656 shares in the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Performance

NYSE AGCO opened at $105.17 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. The company has a market cap of $7.85 billion, a P/E ratio of 46.53, a P/E/G ratio of 1.03 and a beta of 1.25. The stock has a 50-day moving average of $96.69 and a two-hundred day moving average of $95.26. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $130.26.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 1.35% and a return on equity of 15.79%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $3.97 EPS. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, analysts anticipate that AGCO Co. will post 7.33 EPS for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AGCO shares. Truist Financial boosted their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Citigroup decreased their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley initiated coverage on AGCO in a research note on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 target price for the company. Finally, StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.40.

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.