AGCO Corporation $AGCO Stock Holdings Lessened by Blue Door Asset Management LLC

Blue Door Asset Management LLC lessened its stake in shares of AGCO Corporation (NYSE:AGCO) by 23.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,300 shares of the industrial products company’s stock after selling 16,500 shares during the quarter. AGCO makes up approximately 3.0% of Blue Door Asset Management LLC’s holdings, making the stock its 10th largest holding. Blue Door Asset Management LLC’s holdings in AGCO were worth $5,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of AGCO by 78.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock worth $201,755,000 after purchasing an additional 861,377 shares during the last quarter. Norges Bank purchased a new position in shares of AGCO during the second quarter valued at approximately $78,651,000. Price T Rowe Associates Inc. MD boosted its position in AGCO by 7.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,985,474 shares of the industrial products company’s stock worth $646,648,000 after acquiring an additional 481,146 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in AGCO by 14.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company’s stock worth $306,112,000 after acquiring an additional 405,022 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in AGCO in the 2nd quarter valued at $38,534,000. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

AGCO Stock Performance

Shares of AGCO stock opened at $108.03 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.73 and a debt-to-equity ratio of 0.61. The company has a market cap of $8.06 billion, a PE ratio of 21.48, a P/E/G ratio of 1.66 and a beta of 1.18. The company’s fifty day simple moving average is $106.42 and its 200-day simple moving average is $107.32. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $121.16.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. As a group, equities research analysts anticipate that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. AGCO’s dividend payout ratio (DPR) is currently 23.06%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AGCO shares. Truist Financial reaffirmed a “buy” rating and issued a $123.00 price objective (down previously from $142.00) on shares of AGCO in a research report on Monday, November 3rd. Barclays raised their price target on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Oppenheimer upped their price objective on shares of AGCO from $123.00 to $128.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. raised their target price on shares of AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, Zacks Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.20.

Insiders Place Their Bets

In other news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $104.28, for a total transaction of $26,070.00. Following the completion of the sale, the senior vice president directly owned 17,130 shares in the company, valued at $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.60% of the stock is currently owned by insiders.

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.