Thrivent Financial for Lutherans Sells 11,162 Shares of AGCO Co. (NYSE:AGCO)

Thrivent Financial for Lutherans decreased its position in AGCO Co. (NYSE:AGCO) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 98,331 shares of the industrial products company’s stock after selling 11,162 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AGCO were worth $9,192,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AGCO. First Horizon Advisors Inc. grew 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 worth $51,000 after acquiring an additional 117 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of AGCO by 3.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,857,505 shares of the industrial products company’s stock worth $181,775,000 after acquiring an additional 66,303 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of AGCO by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,138 shares of the industrial products company’s stock worth $44,442,000 after acquiring an additional 13,737 shares in the last quarter. Raymond James Trust N.A. grew its position in AGCO by 48.0% during the third quarter. Raymond James Trust N.A. now owns 8,519 shares of the industrial products company’s stock valued at $834,000 after buying an additional 2,763 shares during the period. Finally, Great Valley Advisor Group Inc. grew its position in AGCO by 9.0% during the third quarter. Great Valley Advisor Group Inc. now owns 33,820 shares of the industrial products company’s stock valued at $3,310,000 after buying an additional 2,781 shares during the period. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AGCO. Truist Financial increased their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their price target on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Citigroup increased their price target on shares of AGCO from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, March 17th. Finally, Morgan Stanley began coverage on shares of AGCO in a research report on Tuesday, December 3rd. They set an “equal weight” rating and a $101.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, AGCO has a consensus rating of “Hold” and a consensus price target of $104.60.

AGCO Price Performance

NYSE AGCO opened at $93.12 on Friday. The company has a market cap of $6.95 billion, a PE ratio of -16.37, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. AGCO Co. has a 52 week low of $84.35 and a 52 week high of $125.76. 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 firm’s 50-day simple moving average is $98.83 and its two-hundred day simple moving average is $96.69.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. AGCO’s payout ratio is -20.39%.

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.