AGCO Co. (NYSE:AGCO) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. grew its holdings in AGCO Co. (NYSE:AGCO) by 7,015.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,352 shares of the industrial products company’s stock after acquiring an additional 1,333 shares during the period. SRS Capital Advisors Inc.’s holdings in AGCO were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Brooklyn Investment Group purchased a new position in AGCO in the third quarter valued at $29,000. Allworth Financial LP raised its position in AGCO by 333.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 220 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of AGCO by 84.2% in the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. Venturi Wealth Management LLC increased its stake in shares of AGCO by 132.9% during the third quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 210 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of AGCO by 50.2% during the third quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $41,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 3.1 %

AGCO stock opened at $91.56 on Thursday. The stock has a 50-day simple moving average of $97.90 and a 200-day simple moving average of $96.21. The company has a market capitalization of $6.83 billion, a P/E ratio of -16.09, a PEG ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 1.34. AGCO Co. has a fifty-two week low of $84.35 and a fifty-two week high of $125.76.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.97 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04). AGCO had a negative net margin of 3.64% and a positive return on equity of 13.40%. Equities research analysts expect that AGCO Co. will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, February 14th. AGCO’s payout ratio is currently -20.39%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $102.00 to $111.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group decreased their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Robert W. Baird lowered AGCO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $116.00 to $100.00 in a report on Monday. StockNews.com raised AGCO from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Citigroup lowered their price objective on AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.30.

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.