AGCO Co. (NYSE:AGCO) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its holdings in shares of AGCO Co. (NYSE:AGCO) by 7,015.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,352 shares of the industrial products company’s stock after buying an additional 1,333 shares during the quarter. SRS Capital Advisors Inc.’s holdings in AGCO were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGCO. Pacer Advisors Inc. increased its holdings in AGCO by 34.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,408 shares of the industrial products company’s stock worth $206,525,000 after acquiring an additional 538,955 shares in the last quarter. Edge Capital Group LLC acquired a new stake in shares of AGCO in the fourth quarter valued at about $39,269,000. Barclays PLC increased its stake in shares of AGCO by 386.8% during the third quarter. Barclays PLC now owns 249,209 shares of the industrial products company’s stock worth $24,389,000 after purchasing an additional 198,014 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 worth $44,739,000 after purchasing an additional 183,688 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in AGCO by 28.2% in 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 buying an additional 150,656 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

NYSE:AGCO opened at $91.56 on Thursday. The company’s 50-day moving average is $97.90 and its two-hundred day moving average is $96.21. AGCO Co. has a 1-year low of $84.35 and a 1-year high of $125.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.34 and a quick ratio of 0.63. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of -16.09, a PEG ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last released its quarterly earnings data 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 negative net margin of 3.64% and a positive return on equity of 13.40%. Analysts forecast that AGCO Co. will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, February 14th. AGCO’s payout ratio is -20.39%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGCO. Citigroup reduced 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. Robert W. Baird cut AGCO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $116.00 to $100.00 in a research report on Monday. StockNews.com upgraded AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. The Goldman Sachs Group dropped their target price on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Truist Financial raised their price target on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.