Stratos Wealth Advisors LLC Purchases 522 Shares of AGCO Co. (NYSE:AGCO)

Stratos Wealth Advisors LLC raised its position in shares of AGCO Co. (NYSE:AGCO) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,586 shares of the industrial products company’s stock after buying an additional 522 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in AGCO were worth $1,644,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in AGCO in the fourth quarter valued at approximately $3,144,000. Gateway Investment Advisers LLC purchased a new stake in shares of AGCO during the 4th quarter valued at $311,000. Olstein Capital Management L.P. boosted its position in shares of AGCO by 20.8% in the 4th quarter. Olstein Capital Management L.P. now owns 14,500 shares of the industrial products company’s stock worth $1,355,000 after purchasing an additional 2,500 shares in the last quarter. M&T Bank Corp grew its stake in AGCO by 133.0% during the 3rd quarter. M&T Bank Corp now owns 84,441 shares of the industrial products company’s stock worth $8,263,000 after buying an additional 48,198 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in AGCO by 2.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 623,585 shares of the industrial products company’s stock valued at $61,024,000 after buying an additional 12,328 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Performance

NYSE AGCO opened at $103.39 on Thursday. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $130.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. The firm has a market capitalization of $7.72 billion, a P/E ratio of 45.75, a PEG ratio of 1.03 and a beta of 1.25. The stock has a 50-day simple moving average of $97.85 and a two-hundred day simple moving average of $95.53.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.90 billion. AGCO had a net margin of 1.35% and a return on equity of 15.79%. The company’s revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.97 earnings per share. On average, equities analysts forecast that AGCO Co. will post 7.33 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared 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 yield of 1.12%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AGCO. Oppenheimer raised their price target on AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley started coverage on shares of AGCO in a research note on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price for the company. Truist Financial upped their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.20.

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.