AGCO Corporation $AGCO Stock Position Lessened by Erste Asset Management GmbH

Erste Asset Management GmbH trimmed its holdings in shares of AGCO Corporation (NYSE:AGCO) by 28.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,629 shares of the industrial products company’s stock after selling 7,274 shares during the period. Erste Asset Management GmbH’s holdings in AGCO were worth $2,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AGCO by 46.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $459,000 after buying an additional 1,567 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 149 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of AGCO by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after acquiring an additional 61,009 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of AGCO by 3.1% in the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after acquiring an additional 176 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 190 shares during the period. 78.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AGCO. Oppenheimer upped their target price on AGCO from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Truist Financial raised their target price on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Barclays lifted their target price on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $122.73.

AGCO Trading Up 2.1%

NYSE:AGCO opened at $136.59 on Friday. The stock has a fifty day simple moving average of $119.12 and a 200 day simple moving average of $111.89. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19. AGCO Corporation has a 1-year low of $73.79 and a 1-year 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.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.67 billion. During the same period in the prior year, the firm earned $1.97 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Sell-side analysts forecast that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The company 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 $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a yield of 0.8%. AGCO’s dividend payout ratio (DPR) is currently 11.90%.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the sale, the senior vice president directly owned 16,844 shares of the company’s stock, valued at $2,308,301.76. The trade was a 12.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.60% of the company’s stock.

AGCO Company 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.