Fifth Third Bancorp raised its position in AGCO Corporation (NYSE:AGCO – Free Report) by 6,818.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,332 shares of the industrial products company’s stock after buying an additional 48,619 shares during the period. Fifth Third Bancorp’s holdings in AGCO were worth $5,716,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of AGCO. EverSource Wealth Advisors LLC boosted its stake in shares of AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 257 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of AGCO in the 3rd quarter valued at about $33,000. Geneos Wealth Management Inc. raised its holdings in AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares during the period. Torren Management LLC acquired a new position in AGCO in the 4th quarter worth about $35,000. Finally, Allworth Financial LP boosted its position in AGCO by 64.3% during the third quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have commented on AGCO shares. DA Davidson began coverage on AGCO in a report on Friday, July 10th. They issued a “buy” rating and a $160.00 price objective on the stock. Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. Weiss Ratings cut shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. UBS Group reissued a “neutral” rating and issued a $123.00 price target on shares of AGCO in a report on Sunday, May 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $129.64.
Insider Buying and Selling at AGCO
In related 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 in the company, 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 can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.
AGCO Stock Performance
NYSE:AGCO opened at $115.53 on Friday. The company’s 50-day moving average is $114.89 and its two-hundred day moving average is $117.99. AGCO Corporation has a 1-year low of $99.21 and a 1-year high of $143.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.76 and a beta of 1.07.
AGCO (NYSE:AGCO – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.44 by $0.50. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Analysts forecast that AGCO Corporation will post 6.07 EPS for the current year.
AGCO Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO’s dividend payout ratio (DPR) 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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