First Horizon Advisors Inc. Has $64,000 Holdings in AGCO Co. (NYSE:AGCO)

First Horizon Advisors Inc. raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 30.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 688 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. First Horizon Advisors Inc.’s holdings in AGCO were worth $64,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AGCO. Pacer Advisors Inc. lifted its holdings in AGCO by 34.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock valued at $206,525,000 after purchasing an additional 538,955 shares during the last quarter. Barclays PLC lifted its holdings in AGCO by 386.8% during the 3rd quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock valued at $24,389,000 after purchasing an additional 198,014 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AGCO by 67.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,175 shares of the industrial products company’s stock valued at $44,739,000 after purchasing an additional 183,688 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in AGCO by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 684,249 shares of the industrial products company’s stock valued at $66,959,000 after purchasing an additional 150,656 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in AGCO during the 3rd quarter valued at $13,242,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Up 0.4 %

Shares of NYSE AGCO opened at $97.31 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. The stock has a market capitalization of $7.26 billion, a P/E ratio of -17.10, a PEG ratio of 1.80 and a beta of 1.25. The stock’s fifty day moving average is $97.85 and its 200 day moving average is $95.95.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Sell-side analysts forecast that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s dividend payout ratio is presently -20.39%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AGCO shares. Morgan Stanley started coverage on AGCO in a report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. The Goldman Sachs Group dropped their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Oppenheimer lifted their target price on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Citigroup dropped their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $107.20.

AGCO Company 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.