AGCO Co. (NYSE:AGCO) Stake Increased by Olstein Capital Management L.P.

Olstein Capital Management L.P. increased its holdings in shares of AGCO Co. (NYSE:AGCO) by 20.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,500 shares of the industrial products company’s stock after purchasing an additional 2,500 shares during the quarter. Olstein Capital Management L.P.’s holdings in AGCO were worth $1,355,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of AGCO during the 3rd quarter valued at about $29,000. UMB Bank n.a. lifted its stake in AGCO by 84.2% in the fourth 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 during the last quarter. Venturi Wealth Management LLC lifted its stake in AGCO by 132.9% in 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 during the last quarter. Farther Finance Advisors LLC increased its stake in shares of AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 139 shares during the last quarter. Finally, LRI Investments LLC increased its stake in shares of AGCO by 50.0% during the 3rd quarter. LRI Investments LLC now owns 510 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 170 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Up 0.1 %

AGCO stock opened at $105.17 on Friday. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 46.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The business has a 50 day moving average price of $96.69 and a two-hundred day moving average price of $95.26. The company has a quick ratio of 0.72, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.40). The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.90 billion. AGCO had a return on equity of 15.79% and a net margin of 1.35%. The firm’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period last year, the business earned $3.97 earnings per share. As a group, equities analysts forecast that AGCO Co. will post 7.33 EPS for the current 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 paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.10%. AGCO’s payout ratio is currently 51.33%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup cut 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. Truist Financial raised their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Oppenheimer decreased their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of AGCO from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.40.

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.