Impax Asset Management Group plc Cuts Stake in AGCO Corporation $AGCO

Impax Asset Management Group plc lowered its stake in shares of AGCO Corporation (NYSE:AGCO) by 22.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 150,467 shares of the industrial products company’s stock after selling 43,544 shares during the period. Impax Asset Management Group plc’s holdings in AGCO were worth $16,111,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AGCO. Cullen Frost Bankers Inc. boosted its stake in AGCO by 1,721.4% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in AGCO in the third quarter valued at approximately $29,000. 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 purchasing an additional 257 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in AGCO by 3,725.0% during the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 298 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after buying an additional 190 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AGCO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGCO in a research report on Monday, December 22nd. JPMorgan Chase & Co. boosted their price objective on AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Barclays increased their target price on shares of AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday. Finally, Citigroup upped their price target on shares of AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $122.73.

AGCO Price Performance

Shares of NYSE AGCO opened at $138.45 on Thursday. The stock’s 50-day simple moving average is $111.77 and its two-hundred day simple moving average is $109.74. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $138.54. The firm has a market capitalization of $10.33 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.96 and a beta of 1.19. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, equities analysts anticipate that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.8%. AGCO’s dividend payout ratio is presently 11.90%.

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.