Great Valley Advisor Group Inc. Purchases 2,781 Shares of AGCO Co. (NYSE:AGCO)

Great Valley Advisor Group Inc. raised its position in AGCO Co. (NYSE:AGCO) by 9.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 33,820 shares of the industrial products company’s stock after purchasing an additional 2,781 shares during the period. Great Valley Advisor Group Inc.’s holdings in AGCO were worth $3,310,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. Forum Financial Management LP grew its holdings in AGCO by 5.5% in the second quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 109 shares during the period. Capital Insight Partners LLC boosted its position in shares of AGCO by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 110 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after buying an additional 117 shares during the period. Oppenheimer & Co. Inc. increased its position in AGCO by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 126 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after buying an additional 139 shares during the period. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO opened at $98.43 on Monday. The stock has a 50 day moving average of $96.49 and a 200 day moving average of $97.63. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 0.55 and a beta of 1.25. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.40). The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.97 earnings per share. As a group, sell-side analysts forecast that AGCO Co. will post 7.34 earnings per share for the current year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, November 15th. AGCO’s payout ratio is 51.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BMO Capital Markets assumed coverage on AGCO in a research note on Friday, August 9th. They issued a “market perform” rating and a $96.00 price objective for the company. UBS Group dropped their price objective on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Truist Financial boosted their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup raised their price target on shares of AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer lowered their price objective on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.40.

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.