Orion Portfolio Solutions LLC Has $364,000 Holdings in AGCO Co. (NYSE:AGCO)

Orion Portfolio Solutions LLC boosted its position in shares of AGCO Co. (NYSE:AGCO) by 41.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,715 shares of the industrial products company’s stock after buying an additional 1,093 shares during the period. Orion Portfolio Solutions LLC’s holdings in AGCO were worth $364,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Forum Financial Management LP boosted its position in shares of AGCO by 5.5% during the 2nd quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 109 shares in the last quarter. Capital Insight Partners LLC boosted its holdings in shares of AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock valued at $431,000 after purchasing an additional 110 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of AGCO by 28.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 526 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 117 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in AGCO by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 17,022 shares of the industrial products company’s stock valued at $1,666,000 after acquiring an additional 126 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 139 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Trading Down 2.8 %

NYSE AGCO opened at $94.13 on Thursday. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $130.26. 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 firm has a market capitalization of $7.03 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.24. The business’s 50-day moving average price is $97.57 and its two-hundred day moving average price is $96.16.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $0.68 earnings per share 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 firm 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 for the quarter was down 24.8% compared to the same quarter last year. On average, analysts expect that AGCO Co. will post 7.36 EPS for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 1.23%. AGCO’s dividend payout ratio (DPR) is currently 51.33%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley began coverage on shares of AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Truist Financial upped their price target on shares of AGCO from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup raised their price objective on AGCO from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered their target price on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus target price of $113.18.

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.