Shayne & Jacobs LLC boosted its stake in AGCO Corporation (NYSE:AGCO – Free Report) by 48.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,430 shares of the industrial products company’s stock after buying an additional 10,590 shares during the period. AGCO accounts for 1.1% of Shayne & Jacobs LLC’s portfolio, making the stock its 17th biggest holding. Shayne & Jacobs LLC’s holdings in AGCO were worth $3,704,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of AGCO. Fortitude Family Office LLC raised its position in shares of AGCO by 234.8% during the 3rd quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company’s stock worth $26,000 after buying an additional 162 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of AGCO in the 2nd quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of AGCO in the 2nd quarter worth approximately $35,000. Elevation Wealth Partners LLC boosted its holdings in shares of AGCO by 400.0% in the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 232 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of AGCO in the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.80% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on AGCO. UBS Group lowered their price objective on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Truist Financial boosted their target price on AGCO from $135.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Robert W. Baird upgraded AGCO from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $120.00 to $150.00 in a research report on Monday, August 31st. Oppenheimer reaffirmed an “outperform” rating on shares of AGCO in a research note on Thursday, October 8th. Finally, Barclays decreased their price target on AGCO from $105.00 to $97.00 and set an “underweight” rating for the company in a research note on Monday. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $123.25.
View Our Latest Research Report on AGCO
Insiders Place Their Bets
In other AGCO news, Director Lange De bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $100.71 per share, for a total transaction of $100,710.00. Following the acquisition, the director directly owned 18,717 shares of the company’s stock, valued at $1,884,989.07. This trade represents a 5.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Eric Hansotia sold 2,604 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the sale, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at approximately $42,420,335.25. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 497,622 shares of company stock worth $57,461,807. Company insiders own 0.62% of the company’s stock.
AGCO Price Performance
Shares of AGCO stock opened at $105.44 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $113.97 and its two-hundred day moving average price is $114.42. AGCO Corporation has a 52 week low of $98.22 and a 52 week high of $143.78. The stock has a market cap of $7.38 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08.
AGCO (NYSE:AGCO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the company posted $1.35 earnings per share. AGCO’s revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, sell-side analysts anticipate that AGCO Corporation will post 5.55 EPS for the current fiscal year.
About AGCO
AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.
AGCO’s product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.
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