Verity Asset Management Inc. Has $509,000 Holdings in AGCO Co. (NYSE:AGCO)

Verity Asset Management Inc. grew its holdings in shares of AGCO Co. (NYSE:AGCO) by 69.7% in the 3rd quarter, Holdings Channel reports. The fund owned 5,198 shares of the industrial products company’s stock after buying an additional 2,135 shares during the period. Verity Asset Management Inc.’s holdings in AGCO were worth $509,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AGCO. Forum Financial Management LP raised its holdings in AGCO by 5.5% in the 2nd quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock valued at $206,000 after buying an additional 109 shares during the last quarter. Manchester Capital Management LLC raised its stake in shares of AGCO by 93.2% during the first quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 110 shares during the last quarter. Capital Insight Partners LLC grew its stake in shares of AGCO by 2.6% in the second quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 110 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of AGCO by 50.2% in the third 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, William Blair Investment Management LLC increased its holdings in AGCO by 3.9% in the first quarter. William Blair Investment Management LLC now owns 3,766 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup upped their price target on AGCO from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. 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. Barclays decreased their price objective on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, July 18th. Finally, Truist Financial boosted their target price on shares of AGCO from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $114.40.

AGCO Trading Down 0.4 %

NYSE AGCO opened at $94.12 on Friday. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $130.26. The business has a 50 day moving average price of $95.67 and a 200-day moving average price of $99.49. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 0.93 and a beta of 1.25.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $3.97 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, equities analysts expect that AGCO Co. will post 7.87 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. AGCO’s dividend payout ratio (DPR) is currently 20.71%.

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.