Voya Investment Management LLC Purchases 7,182 Shares of AGCO Corporation $AGCO

Voya Investment Management LLC increased its holdings in shares of AGCO Corporation (NYSE:AGCO) by 103.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 14,112 shares of the industrial products company’s stock after purchasing an additional 7,182 shares during the period. Voya Investment Management LLC’s holdings in AGCO were worth $1,511,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGCO. OLD Mission Capital LLC acquired a new position in shares of AGCO during the 1st quarter worth approximately $401,000. Baird Financial Group Inc. boosted its position in AGCO by 5.8% during the first quarter. Baird Financial Group Inc. now owns 9,244 shares of the industrial products company’s stock worth $856,000 after purchasing an additional 505 shares during the period. Quarry LP bought a new position in AGCO during the first quarter worth $37,000. Dark Forest Capital Management LP acquired a new position in shares of AGCO in the first quarter valued at $3,486,000. Finally, Amundi raised its position in shares of AGCO by 1.9% in the first quarter. Amundi now owns 215,923 shares of the industrial products company’s stock valued at $19,988,000 after purchasing an additional 4,025 shares during the period. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Zacks Research downgraded shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Truist Financial restated a “buy” rating and set a $123.00 price objective (down previously from $142.00) on shares of AGCO in a report on Monday, November 3rd. Oppenheimer upped their target price on AGCO from $123.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company started coverage on AGCO in a report on Thursday, November 13th. They set an “equal weight” rating and a $114.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on AGCO from $127.00 to $123.00 and set an “overweight” rating on the stock in a report on Friday, December 19th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $110.60.

AGCO Trading Down 1.0%

Shares of AGCO stock opened at $104.38 on Tuesday. 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 stock has a market cap of $7.79 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.18. The stock has a 50 day simple moving average of $106.08 and a 200 day simple moving average of $107.88. AGCO Corporation has a 1 year low of $73.79 and a 1 year high of $121.16.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. On average, research analysts predict that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.16 annualized dividend and a yield of 1.1%. AGCO’s dividend payout ratio is currently 23.06%.

Insider Transactions at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $104.28, for a total value of $26,070.00. Following the transaction, the senior vice president directly owned 17,130 shares of the company’s stock, valued at $1,786,316.40. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by insiders.

AGCO 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.