AGCO Co. (NYSE:AGCO) Stock Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in AGCO Co. (NYSE:AGCO) by 0.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,493 shares of the industrial products company’s stock after acquiring an additional 532 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.15% of AGCO worth $10,715,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AGCO. LRI Investments LLC acquired a new stake in AGCO during the 1st quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of AGCO by 102.4% in the 2nd quarter. Blue Trust Inc. now owns 344 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 174 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in AGCO by 132.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 368 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 210 shares during the period. First Horizon Advisors Inc. grew its position in AGCO by 69.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 409 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 167 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in AGCO by 50.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 139 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup raised their target price on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lowered their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. UBS Group decreased their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Oppenheimer decreased their target price on shares of AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. One 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $114.40.

AGCO Trading Up 6.0 %

Shares of NYSE:AGCO opened at $97.53 on Friday. AGCO Co. has a 1 year low of $84.35 and a 1 year high of $130.26. The firm has a fifty day moving average price of $96.17 and a 200 day moving average price of $97.88. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.28 billion, a PE ratio of 43.15, a P/E/G ratio of 0.52 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its quarterly earnings data 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 1.35% and a return on equity of 15.79%. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $3.97 EPS. The business’s revenue was down 24.8% on a year-over-year basis. Analysts expect that AGCO Co. will post 7.32 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date 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.