Envestnet Asset Management Inc. Has $12.09 Million Stock Position in AGCO Corporation $AGCO

Envestnet Asset Management Inc. increased its holdings in AGCO Corporation (NYSE:AGCO) by 15.5% during the third quarter, HoldingsChannel reports. The fund owned 112,905 shares of the industrial products company’s stock after acquiring an additional 15,159 shares during the quarter. Envestnet Asset Management Inc.’s holdings in AGCO were worth $12,089,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in AGCO by 28.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 705 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 156 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of AGCO by 13,900.0% during the third quarter. Cornerstone Planning Group LLC now owns 420 shares of the industrial products company’s stock valued at $45,000 after buying an additional 417 shares during the last quarter. Peterson Wealth Services grew its holdings in AGCO by 10.1% during the third quarter. Peterson Wealth Services now owns 8,470 shares of the industrial products company’s stock worth $833,000 after buying an additional 775 shares in the last quarter. State of Wyoming raised its position in AGCO by 12.0% in the 3rd quarter. State of Wyoming now owns 4,853 shares of the industrial products company’s stock valued at $520,000 after buying an additional 520 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in AGCO by 0.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 76,882 shares of the industrial products company’s stock valued at $8,232,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. increased their price objective on shares of AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. BMO Capital Markets lifted their target price on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. Oppenheimer upped their target price on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $127.00 price target on shares of AGCO in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $122.73.

AGCO Price Performance

AGCO opened at $138.54 on Wednesday. The firm has a 50-day moving average price of $114.54 and a 200-day moving average price of $110.53. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $143.78. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.99 and a beta of 1.19.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the firm earned $1.97 EPS. AGCO’s revenue for the quarter was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Equities analysts expect that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 13th. AGCO’s payout ratio is presently 11.90%.

About AGCO

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.