EFG International AG Takes $1.07 Million Position in AGCO Corporation $AGCO

EFG International AG acquired a new stake in shares of AGCO Corporation (NYSE:AGCO) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 8,975 shares of the industrial products company’s stock, valued at approximately $1,074,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in AGCO in the 2nd quarter worth about $701,908,000. Capital World Investors raised its stake in shares of AGCO by 309.0% during the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after acquiring an additional 1,815,741 shares in the last quarter. Norges Bank purchased a new position in AGCO in the 4th quarter worth $78,202,000. Bank of New York Mellon Corp bought a new stake in AGCO in the second quarter worth $64,273,000. Finally, Invesco Ltd. lifted its stake in AGCO by 20.6% in 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 during the last quarter. Institutional investors own 78.80% of the company’s stock.

Insider Activity

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the transaction, the insider owned 3,017,565 shares in the company, valued at $348,015,771.45. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lange Bob De purchased 1,000 shares of the stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $100.71 per share, with a total value of $100,710.00. Following the transaction, the director directly owned 18,717 shares in the company, valued at $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AGCO shares. Wells Fargo & Company reduced their price objective on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Oppenheimer lowered their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley dropped their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $108.00 price target on shares of AGCO in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $120.33.

AGCO Trading Up 0.5%

NYSE:AGCO opened at $111.45 on Thursday. The firm has a market capitalization of $7.81 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.92 and a beta of 1.08. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $111.13 and a 200 day moving average of $117.23. AGCO Corporation has a 52 week low of $98.22 and a 52 week high of $143.78.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business earned $1.35 EPS. AGCO’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts predict that AGCO Corporation will post 5.55 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. AGCO’s dividend payout ratio (DPR) is presently 16.60%.

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.