Thrivent Financial for Lutherans Has $9.19 Million Stock Holdings in AGCO Co. (NYSE:AGCO)

Thrivent Financial for Lutherans cut its holdings in shares of AGCO Co. (NYSE:AGCO) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,331 shares of the industrial products company’s stock after selling 11,162 shares during the period. Thrivent Financial for Lutherans owned about 0.13% of AGCO worth $9,192,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in AGCO during the 3rd quarter worth approximately $29,000. Allworth Financial LP boosted its position in AGCO by 333.3% during the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after buying an additional 220 shares during the period. UMB Bank n.a. boosted its position in AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in AGCO during the 4th quarter worth approximately $33,000. Finally, LRI Investments LLC boosted its position in AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after buying an additional 170 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AGCO shares. Citigroup lifted their target price on shares of AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Robert W. Baird downgraded shares of AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday, March 3rd. Morgan Stanley started coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.60.

AGCO Stock Down 1.4 %

AGCO stock opened at $93.12 on Friday. 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 Co. has a 12-month low of $84.35 and a 12-month high of $125.76. The firm’s fifty day moving average is $98.83 and its 200 day moving average is $96.69. The company has a market capitalization of $6.95 billion, a PE ratio of -16.37, a PEG ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts predict that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.25%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

AGCO Company 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.