Howe & Rusling Inc. Has $345,000 Position in AGCO Co. (NYSE:AGCO)

Howe & Rusling Inc. lifted its position in AGCO Co. (NYSE:AGCO) by 7.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,693 shares of the industrial products company’s stock after buying an additional 242 shares during the quarter. Howe & Rusling Inc.’s holdings in AGCO were worth $345,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in AGCO by 333.3% during 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. Brooklyn Investment Group bought a new stake in shares of AGCO during the third quarter worth $29,000. UMB Bank n.a. increased its stake in shares of AGCO by 84.2% in the fourth 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 in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of AGCO in the fourth quarter valued at about $33,000. Finally, Jones Financial Companies Lllp lifted its position in AGCO by 112.3% during the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock worth $47,000 after buying an additional 265 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of several research reports. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Oppenheimer boosted their price objective on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial increased their price objective on AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Citigroup boosted their target price on AGCO from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus target price of $104.60.

AGCO Stock Up 1.6 %

Shares of AGCO stock opened at $98.85 on Friday. AGCO Co. has a 12 month low of $84.35 and a 12 month high of $125.76. The business has a fifty day simple moving average of $98.72 and a 200 day simple moving average of $96.86. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $7.37 billion, a PE ratio of -17.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.04). AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. Research analysts predict that AGCO Co. will post 4.2 EPS for the current year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 1.17%. AGCO’s dividend payout ratio (DPR) is presently -20.39%.

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.