Mitsubishi UFJ Asset Management Co. Ltd. Sells 94,464 Shares of AGCO Corporation $AGCO

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its stake in AGCO Corporation (NYSE:AGCO) by 99.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289 shares of the industrial products company’s stock after selling 94,464 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AGCO were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its position in AGCO by 1,721.4% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of AGCO during the third quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of AGCO by 3,725.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after buying an additional 298 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of 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 buying an additional 190 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company set a $132.00 target price on shares of AGCO in a research report on Monday, February 9th. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Barclays raised their price objective on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Citigroup upped their target price on AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. raised their price target on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $122.73.

Insider Buying and Selling at AGCO

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were 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 owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This trade represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.60% of the stock is owned by insiders.

AGCO Stock Performance

Shares of AGCO opened at $127.39 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The stock has a 50-day moving average of $121.32 and a two-hundred day moving average of $112.45. The stock has a market cap of $9.22 billion, a P/E ratio of 13.07, a P/E/G ratio of 0.95 and a beta of 1.13. AGCO Corporation has a one year low of $73.79 and a one year high of $143.78.

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

AGCO Announces Dividend

The firm also recently disclosed 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. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. AGCO’s dividend payout ratio is 11.90%.

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.