AGCO Corporation $AGCO Shares Bought by Barings LLC

Barings LLC increased its stake in AGCO Corporation (NYSE:AGCO) by 39.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,662 shares of the industrial products company’s stock after acquiring an additional 6,925 shares during the quarter. Barings LLC’s holdings in AGCO were worth $2,858,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AGCO. UMB Bank n.a. boosted its stake in AGCO by 16.8% in the 4th quarter. UMB Bank n.a. now owns 759 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 109 shares during the period. Signaturefd LLC raised its stake in AGCO by 30.1% during the 4th quarter. Signaturefd LLC now owns 506 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 117 shares during the period. Choreo LLC lifted its holdings in shares of AGCO by 2.0% in the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock valued at $684,000 after purchasing an additional 128 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of AGCO by 6.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 137 shares in the last quarter. Finally, Union Bancaire Privee UBP SA boosted its position in shares of AGCO by 1.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 8,694 shares of the industrial products company’s stock worth $907,000 after buying an additional 146 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the completion of the sale, the insider owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

AGCO Stock Up 0.4%

Shares of AGCO stock opened at $115.34 on Friday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.76 and a beta of 1.07. The stock has a 50-day simple moving average of $114.92 and a 200-day simple moving average of $118.01. AGCO Corporation has a 52-week low of $99.21 and a 52-week 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.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, equities research analysts expect that AGCO Corporation will post 6.07 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. AGCO’s payout ratio is currently 11.57%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial upped their price target on AGCO from $152.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. decreased their price objective on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group reaffirmed a “neutral” rating and set a $123.00 target price on shares of AGCO in a research note on Sunday, May 10th. Oppenheimer set a $134.00 target price on AGCO in a report on Wednesday, May 6th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $108.00 price target on shares of AGCO in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $129.45.

About AGCO

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.