Zions Bancorporation N.A. Has $952,000 Stock Holdings in AGCO Co. (NYSE:AGCO)

Zions Bancorporation N.A. increased its position in shares of AGCO Co. (NYSE:AGCO) by 18.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,729 shares of the industrial products company’s stock after purchasing an additional 1,531 shares during the period. Zions Bancorporation N.A.’s holdings in AGCO were worth $952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its stake in AGCO by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock worth $1,666,000 after buying an additional 126 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in AGCO by 8.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,191 shares of the industrial products company’s stock worth $1,487,000 after acquiring an additional 1,229 shares during the period. Entropy Technologies LP bought a new stake in shares of AGCO in the third quarter valued at approximately $1,979,000. Venturi Wealth Management LLC grew its stake in AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Finally, River Global Investors LLP grew its stake in AGCO by 13.6% in the 3rd quarter. River Global Investors LLP now owns 16,890 shares of the industrial products company’s stock worth $1,655,000 after buying an additional 2,020 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Trading Up 3.3 %

Shares of AGCO stock opened at $92.37 on Friday. The firm has a market capitalization of $6.89 billion, a PE ratio of 40.87, a P/E/G ratio of 0.51 and a beta of 1.25. 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 Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The firm’s 50-day moving average price is $95.75 and its 200 day moving average price is $98.61.

AGCO (NYSE:AGCO) last released 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 return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $3.97 EPS. The business’s quarterly revenue was down 24.8% on a year-over-year basis. On average, sell-side analysts predict that AGCO Co. will post 7.32 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.26%. AGCO’s dividend payout ratio is presently 51.33%.

Analysts Set New Price Targets

Several research firms have recently commented on AGCO. JPMorgan Chase & Co. dropped their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Truist Financial boosted their target price on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Citigroup upped their price target on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. UBS Group cut their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Barclays cut their price objective on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus price target of $114.40.

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.