Coldstream Capital Management Inc. Raises Holdings in AGCO Co. (NYSE:AGCO)

Coldstream Capital Management Inc. boosted its stake in AGCO Co. (NYSE:AGCO) by 9.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,329 shares of the industrial products company’s stock after buying an additional 284 shares during the quarter. Coldstream Capital Management Inc.’s holdings in AGCO were worth $324,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of AGCO during the third quarter valued at $29,000. LRI Investments LLC boosted its stake in shares of AGCO by 94.3% during the 2nd quarter. LRI Investments LLC now owns 340 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of AGCO by 102.4% during the second quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock worth $34,000 after buying an additional 174 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of 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 buying an additional 210 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of AGCO by 69.0% during the second quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock valued at $40,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer reduced their price target on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Citigroup increased their price objective on shares of AGCO from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Morgan Stanley started coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.18.

AGCO Stock Performance

Shares of AGCO opened at $97.12 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 0.72. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The business’s fifty day moving average price is $97.55 and its 200 day moving average price is $96.29. The stock has a market capitalization of $7.25 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24.

AGCO (NYSE:AGCO) last posted 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 business 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 company’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.97 earnings per share. Equities research analysts forecast that AGCO Co. will post 7.36 EPS for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s payout ratio is 51.33%.

AGCO 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.