AGCO (NYSE:AGCO) Stock Lifted to “Hold” by Zacks Research

Zacks Research upgraded shares of AGCO (NYSE:AGCO) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Several other analysts have also weighed in on the stock. Weiss Ratings raised shares of AGCO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. UBS Group dropped their price target on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Citigroup cut their price target on AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, AGCO has an average rating of “Hold” and an average target price of $123.08.

AGCO Stock Performance

NYSE:AGCO opened at $116.41 on Monday. The firm’s 50-day moving average is $113.70 and its 200-day moving average is $115.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO has a 52-week low of $98.22 and a 52-week high of $143.78. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 0.88 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company earned $1.35 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities research analysts anticipate that AGCO will post 5.55 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Lange De acquired 1,000 shares of AGCO stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the transaction, the director directly owned 18,717 shares of the company’s stock, valued at approximately $1,884,989.07. This represents a 5.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the sale, the insider owned 3,017,565 shares in the company, valued at $348,015,771.45. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 497,622 shares of company stock worth $57,461,807 over the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On AGCO

A number of institutional investors and hedge funds have recently made changes to their positions in AGCO. QRG Capital Management Inc. increased its holdings in AGCO by 13.6% during the second quarter. QRG Capital Management Inc. now owns 2,820 shares of the industrial products company’s stock worth $338,000 after buying an additional 338 shares during the last quarter. MAC Alpha Capital Management LP lifted its stake in AGCO by 8.1% in the second quarter. MAC Alpha Capital Management LP now owns 30,503 shares of the industrial products company’s stock valued at $3,652,000 after acquiring an additional 2,280 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in AGCO by 7.5% in the second quarter. Sequoia Financial Advisors LLC now owns 3,080 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 215 shares during the last quarter. Tidal Investments LLC grew its position in shares of AGCO by 2.4% in the 2nd quarter. Tidal Investments LLC now owns 28,035 shares of the industrial products company’s stock valued at $3,356,000 after acquiring an additional 653 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of AGCO in the 2nd quarter valued at about $684,000. Institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.