Eisler Capital Management Ltd. Invests $15.98 Million in AGCO Corporation $AGCO

Eisler Capital Management Ltd. acquired a new stake in shares of AGCO Corporation (NYSE:AGCO) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 154,922 shares of the industrial products company’s stock, valued at approximately $15,979,000.

A number of other institutional investors have also added to or reduced their stakes in AGCO. Inspire Investing LLC increased its position in shares of AGCO by 64.0% during the first quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company’s stock valued at $653,000 after buying an additional 2,752 shares during the period. Voya Investment Management LLC grew its stake in AGCO by 4.2% during the first quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 364 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in AGCO by 14.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company’s stock worth $306,112,000 after acquiring an additional 405,022 shares during the period. United Services Automobile Association purchased a new stake in AGCO in the 1st quarter worth approximately $382,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in AGCO in the 2nd quarter worth approximately $1,405,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Barclays upped their target price on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a report on Thursday, November 13th. Finally, Wells Fargo & Company assumed coverage on AGCO in a report on Thursday, November 13th. They set an “equal weight” rating and a $114.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $113.70.

Insider Buying and Selling at AGCO

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $104.28, for a total value of $26,070.00. Following the completion of the sale, the senior vice president owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.60% of the company’s stock.

AGCO Trading Up 5.9%

NYSE AGCO opened at $106.03 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $107.13 and its two-hundred day simple moving average is $107.05. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $121.16. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 79.13, a PEG ratio of 1.73 and a beta of 1.25.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Research analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. AGCO’s dividend payout ratio (DPR) is 23.06%.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.