Regents Gate Capital LLP acquired a new stake in shares of AGCO Corporation (NYSE:AGCO – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 68,006 shares of the industrial products company’s stock, valued at approximately $7,094,000. AGCO accounts for 2.3% of Regents Gate Capital LLP’s investment portfolio, making the stock its 21st biggest holding.
Several other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of AGCO during the third quarter worth about $33,000. Geneos Wealth Management Inc. grew its position in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the last quarter. Torren Management LLC acquired a new stake in shares of AGCO in the 4th quarter worth about $35,000. Finally, Allworth Financial LP lifted its position in AGCO by 64.3% in the 3rd quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 155 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AGCO has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and issued a $123.00 target price on shares of AGCO in a research report on Sunday, May 10th. Morgan Stanley reaffirmed an “underweight” rating and set a $108.00 price target on shares of AGCO in a report on Thursday, May 14th. Oppenheimer set a $134.00 price objective on AGCO in a research report on Wednesday, May 6th. Weiss Ratings lowered AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, AGCO presently has a consensus rating of “Hold” and a consensus price target of $126.50.
Insider Activity
In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total value of $52,096,895.20. Following the sale, the insider owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.
AGCO Stock Up 2.4%
AGCO stock opened at $111.31 on Friday. AGCO Corporation has a 52 week low of $98.60 and a 52 week high of $143.78. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.73 and a beta of 1.08. The company’s 50-day moving average price is $116.36 and its two-hundred day moving average price is $116.48. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47.
AGCO (NYSE:AGCO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, analysts expect that AGCO Corporation will post 5.99 EPS for the current fiscal year.
AGCO Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th. This is an increase from AGCO’s previous quarterly dividend of $0.29. AGCO’s dividend payout ratio is 11.57%.
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.
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