Short Interest in AGCO Corporation (NYSE:AGCO) Decreases By 20.8%

AGCO Corporation (NYSE:AGCO) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 2,310,666 shares, a decline of 20.8% from the February 12th total of 2,915,804 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 740,362 shares, the short-interest ratio is currently 3.1 days. Based on an average daily volume of 740,362 shares, the short-interest ratio is currently 3.1 days. Currently, 3.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have commented on AGCO. Oppenheimer boosted their price objective on AGCO from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their target price on AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. BMO Capital Markets boosted their price target on AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. Finally, Citigroup increased their price objective on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $122.73.

AGCO Price Performance

NYSE AGCO traded down $1.48 during trading hours on Friday, hitting $118.39. 555,475 shares of the company’s stock traded hands, compared to its average volume of 664,543. The company has a market capitalization of $8.57 billion, a PE ratio of 12.14, a PEG ratio of 0.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67. AGCO has a 52-week low of $73.79 and a 52-week high of $143.78. The firm’s 50-day moving average is $123.32 and its 200-day moving average is $112.77.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Equities analysts forecast that AGCO will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.29 per share. 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 1.0%. AGCO’s payout ratio is 11.90%.

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 shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. grew its holdings in shares of AGCO by 1,721.4% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares during the period. Pinnacle Bancorp Inc. purchased a new position in AGCO during the third quarter worth about $29,000. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 257 shares during the period. SJS Investment Consulting Inc. boosted its holdings in AGCO by 3,725.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in AGCO in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 78.80% 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.