Ellsworth Advisors LLC Buys 1,061 Shares of AGCO Co. (NYSE:AGCO)

Ellsworth Advisors LLC grew its stake in AGCO Co. (NYSE:AGCO) by 3.4% in the fourth quarter, HoldingsChannel reports. The fund owned 32,086 shares of the industrial products company’s stock after acquiring an additional 1,061 shares during the period. Ellsworth Advisors LLC’s holdings in AGCO were worth $3,896,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its holdings in AGCO by 21.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,962 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 522 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of AGCO during the 1st quarter worth approximately $306,000. Acadian Asset Management LLC raised its stake in shares of AGCO by 118.1% during the first quarter. Acadian Asset Management LLC now owns 1,758 shares of the industrial products company’s stock worth $256,000 after buying an additional 952 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in AGCO by 10.4% in the first quarter. Great West Life Assurance Co. Can now owns 36,347 shares of the industrial products company’s stock valued at $5,469,000 after buying an additional 3,425 shares during the period. Finally, Raymond James Trust N.A. boosted its position in shares of AGCO by 3.6% in the 1st quarter. Raymond James Trust N.A. now owns 3,743 shares of the industrial products company’s stock worth $547,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

NYSE:AGCO traded up $1.30 during mid-day trading on Friday, hitting $123.02. The stock had a trading volume of 413,023 shares, compared to its average volume of 672,604. AGCO Co. has a twelve month low of $105.77 and a twelve month high of $140.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.69 and a beta of 1.30. The company’s 50 day simple moving average is $115.56 and its 200 day simple moving average is $117.00.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $3.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.03 by ($0.25). The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.47 EPS. On average, equities research analysts forecast that AGCO Co. will post 13.12 earnings per share for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 0.94%. AGCO’s dividend payout ratio is 7.42%.

Analysts Set New Price Targets

AGCO has been the subject of a number of recent analyst reports. Truist Financial assumed coverage on AGCO in a report on Thursday, March 14th. They issued a “buy” rating and a $142.00 price objective for the company. StockNews.com downgraded AGCO from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus cut their price objective on AGCO from $160.00 to $153.00 and set a “buy” rating on the stock in a report on Tuesday, December 19th. JPMorgan Chase & Co. increased their target price on AGCO from $142.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, December 4th. Finally, Oppenheimer restated an “outperform” rating and set a $153.00 price objective on shares of AGCO in a research note on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AGCO currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.