Allspring Global Investments Holdings LLC Grows Holdings in AGCO Corporation $AGCO

Allspring Global Investments Holdings LLC grew its position in shares of AGCO Corporation (NYSE:AGCO) by 671.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,974 shares of the industrial products company’s stock after purchasing an additional 70,476 shares during the period. Allspring Global Investments Holdings LLC’s holdings in AGCO were worth $9,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AGCO by 46.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after buying an additional 1,567 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after buying an additional 149 shares during the period. Goldman Sachs Group Inc. boosted its position in AGCO by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after acquiring an additional 61,009 shares during the last quarter. Empowered Funds LLC boosted its position in AGCO by 3.1% during the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after acquiring an additional 176 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AGCO. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Morgan Stanley lifted their price objective on AGCO from $108.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. UBS Group reiterated a “neutral” rating and set a $123.00 target price on shares of AGCO in a research report on Sunday, May 10th. Finally, JPMorgan Chase & Co. decreased their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $129.64.

Insider Buying and Selling

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

AGCO Stock Up 5.1%

Shares of AGCO opened at $117.53 on Thursday. The firm has a market cap of $8.51 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The company’s fifty day moving average is $114.67 and its two-hundred day moving average is $118.28. AGCO Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47.

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. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Analysts forecast that AGCO Corporation will post 6.15 earnings per share for the current year.

AGCO Announces Dividend

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

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.