Davis Selected Advisers Has $194.11 Million Position in AGCO Corporation $AGCO

Davis Selected Advisers raised its position in AGCO Corporation (NYSE:AGCO) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,812,922 shares of the industrial products company’s stock after purchasing an additional 8,358 shares during the quarter. AGCO accounts for about 1.0% of Davis Selected Advisers’ holdings, making the stock its 26th biggest holding. Davis Selected Advisers owned about 2.43% of AGCO worth $194,110,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of AGCO by 64.3% in the third quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock valued at $42,000 after buying an additional 155 shares during the period. Swiss Life Asset Management Ltd acquired a new stake in AGCO during the 3rd quarter worth approximately $316,000. CIBC Private Wealth Group LLC bought a new stake in AGCO during the 3rd quarter worth approximately $50,000. Tweedy Browne Co LLC increased its position in AGCO by 97.5% in the 3rd quarter. Tweedy Browne Co LLC now owns 9,389 shares of the industrial products company’s stock valued at $1,005,000 after acquiring an additional 4,634 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in AGCO by 7.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,017 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 215 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGCO has been the topic of a number of recent research reports. Barclays lifted their price target on shares of AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Citigroup increased their price objective on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Oppenheimer raised 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. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Truist Financial upped their price target on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.73.

Insider Activity at AGCO

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the sale, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. This represents a 12.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.60% of the stock is currently owned by insiders.

AGCO Trading Down 3.6%

NYSE:AGCO opened at $112.38 on Thursday. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $143.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The firm’s fifty day moving average is $123.78 and its 200-day moving average is $112.86. The firm has a market cap of $8.14 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.83 and a beta of 1.13.

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

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 13th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 13th. AGCO’s payout ratio is currently 11.90%.

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.