Capital World Investors Grows Holdings in AGCO Corporation $AGCO

Capital World Investors raised its position in AGCO Corporation (NYSE:AGCO) by 309.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,403,349 shares of the industrial products company’s stock after buying an additional 1,815,741 shares during the period. Capital World Investors’ holdings in AGCO were worth $250,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. increased its holdings in AGCO by 520.4% in the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock valued at $3,833,000 after buying an additional 30,030 shares in the last quarter. WINTON GROUP Ltd purchased a new position in AGCO in the third quarter valued at $4,873,000. SG Americas Securities LLC increased its holdings in AGCO by 2,167.4% in the fourth quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock valued at $16,410,000 after buying an additional 150,371 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new position in AGCO in the third quarter valued at $821,000. Finally, Fox Run Management L.L.C. purchased a new position in AGCO in the third quarter valued at $844,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

AGCO opened at $115.80 on Tuesday. The firm has a market capitalization of $8.39 billion, a PE ratio of 11.17, a PEG ratio of 0.78 and a beta of 1.08. AGCO Corporation has a twelve month low of $98.60 and a twelve month high of $143.78. The firm’s 50-day moving average price is $116.53 and its 200 day moving average price is $116.29. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. AGCO’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, sell-side analysts expect that AGCO Corporation will post 5.99 EPS for the current fiscal year.

AGCO Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 15th. This is a boost from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is presently 11.57%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Oppenheimer set a $134.00 target price on shares of AGCO in a research note on Wednesday, May 6th. Wells Fargo & Company set a $132.00 target price on shares of AGCO in a research note on Monday, February 9th. Citigroup boosted their target price on shares of AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. UBS Group reissued a “neutral” rating and set a $123.00 target price on shares of AGCO in a research note on Sunday, May 10th. Finally, Morgan Stanley reissued an “underweight” rating and set a $108.00 target price on shares of AGCO in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.50.

Insiders Place Their Bets

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the transaction, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

AGCO Profile

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.