AGCO Sees Unusually High Options Volume (NYSE:AGCO)

AGCO Corporation (NYSE:AGCO) was the target of unusually large options trading activity on Wednesday. Investors bought 2,856 call options on the stock. This represents an increase of approximately 3,867% compared to the average daily volume of 72 call options.

Insider Buying and Selling

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

Institutional Trading of AGCO

Several hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AGCO by 46.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after acquiring an additional 1,567 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 149 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of AGCO by 39.6% in the 1st 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 shares of AGCO by 3.1% during the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after buying an additional 176 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Trading Up 1.8%

Shares of AGCO stock traded up $2.02 on Wednesday, hitting $115.23. The stock had a trading volume of 85,175 shares, compared to its average volume of 753,581. The stock has a 50 day moving average of $116.19 and a 200 day moving average of $116.58. The firm has a market capitalization of $8.34 billion, a P/E ratio of 11.10, a PEG ratio of 0.76 and a beta of 1.08. AGCO has a twelve month low of $98.60 and a twelve month high of $143.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.50. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. AGCO’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Sell-side analysts expect that AGCO will post 5.99 earnings per share for the current fiscal year.

AGCO Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were paid a dividend of $0.30 per share. This is an increase from AGCO’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is currently 11.57%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AGCO shares. Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $108.00 price objective on shares of AGCO in a report on Thursday, May 14th. Weiss Ratings downgraded shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. UBS Group restated a “neutral” rating and set a $123.00 price objective on shares of AGCO in a research report on Sunday, May 10th. Finally, Oppenheimer set a $134.00 price objective on AGCO in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $126.50.

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.