AGCO Co. (NYSE:AGCO) Shares Sold by Spire Wealth Management

Spire Wealth Management lessened its holdings in AGCO Co. (NYSE:AGCO) by 11.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,808 shares of the industrial products company’s stock after selling 5,433 shares during the period. Spire Wealth Management’s holdings in AGCO were worth $4,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of AGCO in the fourth quarter valued at about $45,000. Great Valley Advisor Group Inc. increased its stake in AGCO by 28.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 22,379 shares of the industrial products company’s stock worth $2,717,000 after buying an additional 4,931 shares in the last quarter. M&T Bank Corp raised its holdings in shares of AGCO by 121.3% during the fourth quarter. M&T Bank Corp now owns 6,644 shares of the industrial products company’s stock valued at $806,000 after acquiring an additional 3,642 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of AGCO in the fourth quarter valued at approximately $220,000. Finally, Gallacher Capital Management LLC acquired a new stake in shares of AGCO in the fourth quarter worth approximately $409,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Insider Buying and Selling at AGCO

In related news, Director Lange Bob De acquired 1,420 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now owns 7,007 shares in the company, valued at approximately $615,985.37. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Lange Bob De acquired 1,420 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the acquisition, the director now owns 7,007 shares of the company’s stock, valued at $615,985.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael C. Arnold bought 1,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the acquisition, the director now directly owns 20,465 shares in the company, valued at $1,794,575.85. The disclosure for this purchase can be found here. Company insiders own 16.60% of the company’s stock.

Analyst Ratings Changes

AGCO has been the subject of several recent research reports. Citigroup began coverage on AGCO in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $108.00 price objective for the company. Barclays lowered their price target on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 18th. The Goldman Sachs Group cut their price objective on shares of AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Oppenheimer lowered their target price on AGCO from $133.00 to $132.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, Raymond James started coverage on AGCO in a report on Friday, June 28th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $118.91.

AGCO Trading Up 0.7 %

Shares of AGCO stock traded up $0.60 during trading on Friday, hitting $91.04. 727,029 shares of the stock traded hands, compared to its average volume of 778,344. The firm has a market capitalization of $6.79 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.86 and a beta of 1.27. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $132.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.52 and a quick ratio of 1.09. The firm’s fifty day moving average price is $94.19 and its 200-day moving average price is $106.20.

AGCO (NYSE:AGCO) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. AGCO’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.29 EPS. As a group, research analysts forecast that AGCO Co. will post 7.89 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, August 15th. AGCO’s dividend payout ratio (DPR) is presently 7.85%.

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.