Thoroughbred Financial Services LLC Acquires 156 Shares of AGCO Co. (NYSE:AGCO)

Thoroughbred Financial Services LLC lifted its holdings in shares of AGCO Co. (NYSE:AGCO) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 2,416 shares of the industrial products company’s stock after purchasing an additional 156 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in AGCO were worth $225,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in AGCO by 333.3% in the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after buying an additional 220 shares during the period. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 154 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of AGCO during the 4th quarter valued at $33,000. Jones Financial Companies Lllp boosted its stake in AGCO by 112.3% during the fourth quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 265 shares in the last quarter. Finally, LRI Investments LLC boosted its stake in AGCO by 50.0% during the third quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Down 1.6 %

AGCO opened at $78.05 on Tuesday. AGCO Co. has a fifty-two week low of $73.79 and a fifty-two week high of $125.76. The firm has a market capitalization of $5.82 billion, a P/E ratio of -13.72, a PEG ratio of 1.80 and a beta of 1.16. The company’s 50-day moving average is $96.39 and its 200 day moving average is $96.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last announced its quarterly earnings data 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%. Research analysts expect that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, February 14th. AGCO’s payout ratio is -20.39%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AGCO. UBS Group dropped their price objective on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday. Oppenheimer increased their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Baird R W downgraded AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Truist Financial increased their target price on AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Citigroup boosted their price target on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, AGCO currently has an average rating of “Hold” and an average target price of $103.00.

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.