AGCO Co. (NYSE:AGCO) Stake Boosted by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its holdings in shares of AGCO Co. (NYSE:AGCO) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,185 shares of the industrial products company’s stock after acquiring an additional 763 shares during the quarter. Schechter Investment Advisors LLC’s holdings in AGCO were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AGCO. Brooklyn Investment Group purchased a new position in AGCO during the 3rd quarter valued at about $29,000. Allworth Financial LP lifted its holdings in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of AGCO by 84.2% during the fourth quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of AGCO by 50.2% during the third 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 last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Down 6.4 %

Shares of AGCO stock opened at $90.75 on Tuesday. The business’s 50 day simple moving average is $98.06 and its 200 day simple moving average is $96.18. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $125.76. The firm has a market cap of $6.77 billion, a PE ratio of -15.95, a P/E/G ratio of 1.80 and a beta of 1.25. 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 (NYSE:AGCO) last announced its earnings results 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%. On average, analysts predict that AGCO Co. will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, February 14th. AGCO’s payout ratio is presently -20.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley assumed coverage on AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $116.00 to $100.00 in a research report on Monday. Citigroup decreased their target price on AGCO from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $104.30.

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.