Southernsun Asset Management LLC Reduces Stock Holdings in AGCO Corporation $AGCO

Southernsun Asset Management LLC cut its stake in shares of AGCO Corporation (NYSE:AGCO) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 247,276 shares of the industrial products company’s stock after selling 22,799 shares during the period. AGCO makes up approximately 4.2% of Southernsun Asset Management LLC’s holdings, making the stock its 11th biggest holding. Southernsun Asset Management LLC’s holdings in AGCO were worth $28,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital World Investors grew its position in AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after acquiring an additional 1,815,741 shares in the last quarter. Norges Bank purchased a new stake in shares of AGCO during the fourth quarter valued at approximately $78,202,000. Invesco Ltd. lifted its position in shares of AGCO by 20.6% during the third quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after purchasing an additional 356,560 shares in the last quarter. Davis Selected Advisers lifted its position in shares of AGCO by 13.0% during the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after purchasing an additional 235,913 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of AGCO by 289.8% in the fourth quarter. Pacer Advisors Inc. now owns 274,814 shares of the industrial products company’s stock valued at $28,669,000 after purchasing an additional 204,318 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the subject of a number of recent analyst reports. Oppenheimer set a $134.00 price target on shares of AGCO in a report on Wednesday, May 6th. DA Davidson started coverage on shares of AGCO in a report on Friday, July 10th. They issued a “buy” rating and a $160.00 price objective on the stock. Weiss Ratings cut shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lowered their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Finally, Morgan Stanley lifted their target price on AGCO from $108.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and an average target price of $129.64.

Insider Buying and Selling at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the sale, the insider owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

AGCO Stock Performance

AGCO stock opened at $111.96 on Wednesday. AGCO Corporation has a 52 week low of $99.21 and a 52 week high of $143.78. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.11 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.73 and a beta of 1.07. The stock has a 50 day moving average of $114.64 and a 200-day moving average of $118.19.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (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 analyst estimates of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, analysts expect that AGCO Corporation will post 6.15 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio (DPR) 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.