Hsbc Holdings PLC Acquires New Shares in AGCO Corporation $AGCO

Hsbc Holdings PLC bought a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,564 shares of the industrial products company’s stock, valued at approximately $666,000.

Several other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of AGCO by 46.2% during 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 during the last quarter. Jones Financial Companies Lllp increased its holdings in AGCO by 29.7% in the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after buying an additional 149 shares during the last quarter. Goldman Sachs Group Inc. raised its position in AGCO by 39.6% during 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 raised its position in AGCO by 3.1% during 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. lifted its stake in AGCO by 109.2% in 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 last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Lange Bob De bought 1,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $100.71 per share, with a total value of $100,710.00. Following the transaction, the director directly owned 18,717 shares in the company, valued at approximately $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company’s stock in a transaction dated 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 sale, the insider owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

AGCO Stock Up 3.4%

AGCO opened at $126.46 on Thursday. The business has a 50 day moving average price of $111.61 and a 200 day moving average price of $116.61. AGCO Corporation has a twelve month low of $98.22 and a twelve month high of $143.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The firm has a market cap of $8.86 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the company earned $1.35 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Research analysts forecast that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio is currently 16.60%.

Wall Street Analyst Weigh In

Several research firms have commented on AGCO. Weiss Ratings downgraded shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Sanford C. Bernstein restated a “market perform” rating and set a $108.00 price target on shares of AGCO in a report on Friday, July 31st. DA Davidson set a $151.00 price objective on shares of AGCO in a research note on Friday, July 31st. Zacks Research cut shares of AGCO from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. Finally, Citigroup lowered their target price on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $122.17.

About AGCO

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.