Envestnet Asset Management Inc. Has $8.57 Million Holdings in AGCO Co. (NYSE:AGCO)

Envestnet Asset Management Inc. lifted its stake in shares of AGCO Co. (NYSE:AGCO) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 91,658 shares of the industrial products company’s stock after buying an additional 2,765 shares during the period. Envestnet Asset Management Inc.’s holdings in AGCO were worth $8,568,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of AGCO by 333.3% during the fourth quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $30,000 after buying an additional 220 shares during the last quarter. UMB Bank n.a. grew its holdings in AGCO by 84.2% during the 4th quarter. UMB Bank n.a. now owns 337 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of AGCO during the 4th quarter valued at $33,000. Jones Financial Companies Lllp lifted its stake in shares of AGCO by 112.3% in the 4th quarter. Jones Financial Companies Lllp now owns 501 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 265 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of AGCO by 174.7% in the 4th quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 346 shares during the last quarter. 78.80% of the stock is owned by institutional investors.

AGCO Price Performance

Shares of NYSE AGCO opened at $80.96 on Friday. The company has a fifty day moving average price of $92.13 and a 200 day moving average price of $95.65. AGCO Co. has a 1-year low of $73.79 and a 1-year high of $121.49. The firm has a market cap of $6.04 billion, a PE ratio of -14.23, a PEG ratio of 1.80 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

AGCO (NYSE:AGCO) last posted its quarterly earnings data 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 fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AGCO. Citigroup upgraded AGCO from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $98.00 to $90.00 in a research report on Tuesday, April 8th. Oppenheimer boosted their price objective on shares of AGCO from $108.00 to $109.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. StockNews.com upgraded shares of AGCO from a “sell” rating to a “hold” rating in a report on Friday, April 11th. UBS Group decreased their price target on shares of AGCO from $100.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Truist Financial dropped their price objective on AGCO from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $98.30.

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.