Barings LLC Has $2.86 Million Position in AGCO Corporation $AGCO

Barings LLC lifted its holdings in AGCO Corporation (NYSE:AGCO) by 39.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,662 shares of the industrial products company’s stock after purchasing an additional 6,925 shares during the period. Barings LLC’s holdings in AGCO were worth $2,858,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AGCO. EverSource Wealth Advisors LLC lifted its holdings in shares of AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after buying an additional 257 shares during the last quarter. Advisory Services Network LLC bought a new position in AGCO during the third quarter worth $33,000. Geneos Wealth Management Inc. raised its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares during the last quarter. Torren Management LLC bought a new stake in AGCO in the 4th quarter valued at $35,000. Finally, Allworth Financial LP boosted its holdings in AGCO by 64.3% in the 3rd quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Price Performance

Shares of AGCO stock opened at $115.34 on Friday. The stock’s fifty day simple moving average is $114.92 and its 200 day simple moving average is $118.01. AGCO Corporation has a one year low of $99.21 and a one year high of $143.78. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, analysts expect that AGCO Corporation will post 6.07 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.0%. AGCO’s payout ratio is presently 11.57%.

Analyst Upgrades and Downgrades

AGCO has been the subject of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating and set a $123.00 price objective on shares of AGCO in a research report on Sunday, May 10th. JPMorgan Chase & Co. lowered their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday. DA Davidson assumed coverage on AGCO in a report on Friday, July 10th. They issued a “buy” rating and a $160.00 price target for the company. Truist Financial lifted their price objective on AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Four research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $129.45.

Insider Buying and Selling

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the sale, the insider owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.