Linden Thomas Advisory Services LLC Buys Shares of 2,354 AGCO Corporation $AGCO

Linden Thomas Advisory Services LLC bought a new stake in shares of AGCO Corporation (NYSE:AGCO) during the second quarter, HoldingsChannel reports. The institutional investor bought 2,354 shares of the industrial products company’s stock, valued at approximately $243,000.

A number of other large investors also recently added to or reduced their stakes in AGCO. Citizens National Bank Trust Department lifted its position in AGCO by 400.0% during the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of AGCO in the 1st quarter valued at about $32,000. Geneos Wealth Management Inc. increased its stake in shares of AGCO by 109.2% in the 1st 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. Quarry LP bought a new stake in shares of AGCO in the 1st quarter valued at about $37,000. Finally, Advantage Trust Co bought a new stake in shares of AGCO in the 2nd quarter valued at about $52,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the completion of the transaction, the senior vice president directly owned 16,189 shares of the company’s stock, valued at $1,771,076.60. This trade represents a 38.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.90% of the stock is owned by corporate insiders.

AGCO Price Performance

Shares of AGCO opened at $108.70 on Tuesday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 81.12, a P/E/G ratio of 1.73 and a beta of 1.23. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $121.16. The company has a 50 day moving average of $109.26 and a 200-day moving average of $104.48. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.29. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.52 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The business’s quarterly revenue was down 18.8% on a year-over-year basis. During the same period last year, the business earned $2.53 EPS. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. As a group, equities research analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO declared that its board has authorized a stock repurchase plan on Wednesday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th. AGCO’s dividend payout ratio (DPR) is currently 86.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on AGCO. Citigroup lowered their price target on AGCO from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Zacks Research cut AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGCO in a research note on Wednesday, October 8th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. upped their price target on AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AGCO has an average rating of “Hold” and an average price target of $116.33.

About AGCO

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.