Westwood Holdings Group Inc. Has $22.20 Million Holdings in AGCO Co. (NYSE:AGCO)

Westwood Holdings Group Inc. boosted its stake in AGCO Co. (NYSE:AGCO) by 18.3% in the first quarter, HoldingsChannel reports. The firm owned 180,463 shares of the industrial products company’s stock after buying an additional 27,958 shares during the period. Westwood Holdings Group Inc.’s holdings in AGCO were worth $22,201,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AGCO. Rakuten Securities Inc. acquired a new stake in AGCO in the fourth quarter worth $26,000. FinTrust Capital Advisors LLC grew its holdings in AGCO by 121.9% in the first quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 117 shares during the period. Manchester Capital Management LLC grew its holdings in AGCO by 93.2% in the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 110 shares during the period. LRI Investments LLC acquired a new position in shares of AGCO during the first quarter valued at about $30,000. Finally, Allworth Financial LP grew its holdings in shares of AGCO by 72.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday. Robert W. Baird reduced their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a report on Wednesday. Oppenheimer reduced their price objective on shares of AGCO from $133.00 to $132.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Truist Financial reiterated a “buy” rating and set a $118.00 price objective (down from $130.00) on shares of AGCO in a report on Wednesday. Finally, Raymond James assumed coverage on shares of AGCO in a report on Friday, June 28th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, AGCO has a consensus rating of “Hold” and a consensus price target of $121.20.

AGCO Stock Down 1.9 %

Shares of AGCO traded down $1.78 during trading hours on Friday, reaching $89.57. 1,203,055 shares of the stock traded hands, compared to its average volume of 930,638. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $100.24 and a 200 day simple moving average of $110.55. AGCO Co. has a 52 week low of $88.12 and a 52 week high of $132.94. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.86 and a beta of 1.27.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.37). The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.48 billion. AGCO had a return on equity of 21.17% and a net margin of 3.13%. The business’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.29 EPS. On average, equities analysts forecast that AGCO Co. will post 7.89 EPS for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, August 15th. AGCO’s dividend payout ratio is 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.