AGCO Corporation $AGCO Shares Newly Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new position in AGCO Corporation (NYSE:AGCO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,761 shares of the industrial products company’s stock, valued at approximately $669,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ethic Inc. grew its stake in AGCO by 8.9% during the 3rd quarter. Ethic Inc. now owns 4,237 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 348 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in AGCO during the 3rd quarter worth approximately $40,000. Kestra Advisory Services LLC boosted its stake in shares of AGCO by 39.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,792 shares of the industrial products company’s stock valued at $319,000 after buying an additional 786 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new stake in shares of AGCO during the third quarter worth approximately $25,000. Finally, State of Wyoming grew its position in shares of AGCO by 8.6% during the third quarter. State of Wyoming now owns 1,622 shares of the industrial products company’s stock worth $185,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

AGCO stock opened at $111.39 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.55. AGCO Corporation has a 12 month low of $98.22 and a 12 month high of $143.78. The company has a fifty day moving average price of $113.71 and a two-hundred day moving average price of $116.29. The company has a market cap of $7.68 billion, a PE ratio of 20.53, a P/E/G ratio of 0.88 and a beta of 1.12.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, October 29th. The industrial products company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.18. AGCO had a net margin of 2.76% and a return on equity of 9.66%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company earned $1.35 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year. Research analysts expect that AGCO Corporation will post 5.49 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. AGCO’s dividend payout ratio (DPR) is currently 30.85%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price target on shares of AGCO in a research note on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of AGCO in a research report on Friday, October 30th. Truist Financial reissued a “buy” rating and issued a $136.00 target price (down from $146.00) on shares of AGCO in a research report on Monday, November 2nd. Zacks Research upgraded shares of AGCO from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Robert W. Baird raised shares of AGCO from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $120.00 to $150.00 in a research report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $123.67.

Insider Buying and Selling

In related news, SVP Ivory Harris sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total transaction of $200,480.00. Following the completion of the transaction, the senior vice president owned 14,454 shares in the company, valued at $1,811,086.20. The trade was a 9.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kelvin Bennett sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $132.89, for a total value of $132,890.00. Following the transaction, the senior vice president owned 14,047 shares of the company’s stock, valued at $1,866,705.83. This represents a 6.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,597 shares of company stock valued at $3,721,969 over the last three months. 0.62% of the stock is owned by company insiders.

AGCO Profile

AGCO Corporation designs, manufactures and distributes agricultural equipment and technology for farmers around the world. Its products include tractors, combines, hay and forage equipment, sprayers, seeding and tillage equipment, grain storage systems, and precision agriculture solutions. The company’s brands include Fendt, Massey Ferguson, Valtra, and PTx, its precision agriculture business. AGCO was formed in 1990 and is headquartered in Duluth, Georgia. AGCO serves agricultural markets globally through a network of dealers and other distribution partners.