Fox Run Management L.L.C. Purchases Shares of 7,881 AGCO Corporation $AGCO

Fox Run Management L.L.C. acquired a new position in AGCO Corporation (NYSE:AGCO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,881 shares of the industrial products company’s stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. increased its position in shares of AGCO by 520.4% during the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock worth $3,833,000 after purchasing an additional 30,030 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in AGCO during the 3rd quarter worth $1,126,000. Neo Ivy Capital Management acquired a new position in AGCO during the 2nd quarter valued at about $817,000. Eisler Capital Management Ltd. purchased a new stake in AGCO in the second quarter valued at about $15,979,000. Finally, Level Four Advisory Services LLC raised its stake in AGCO by 3.0% in the second quarter. Level Four Advisory Services LLC now owns 81,011 shares of the industrial products company’s stock valued at $8,357,000 after buying an additional 2,391 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of research analyst reports. Truist Financial boosted their price target on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. lifted their target price on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. UBS Group restated a “neutral” rating and set a $127.00 price target on shares of AGCO in a research note on Friday, February 6th. Wall Street Zen downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Barclays boosted their price objective on shares of AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus target price of $122.73.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the completion of the transaction, the senior vice president directly owned 16,844 shares in the company, valued at approximately $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.60% of the stock is currently owned by company insiders.

AGCO Stock Down 0.2%

AGCO stock opened at $133.65 on Friday. The company has a market capitalization of $9.68 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. AGCO Corporation has a 12 month low of $73.79 and a 12 month high of $143.78. The firm’s fifty day simple moving average is $118.51 and its 200-day simple moving average is $111.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

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

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be paid a $0.29 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. AGCO’s dividend payout ratio is presently 11.90%.

AGCO Company 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.