AGCO Corporation $AGCO Stock: Ninety One UK Ltd Lowers Stake

Ninety One UK Ltd reduced its position in shares of AGCO Corporation (NYSE:AGCO) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,029 shares of the industrial products company’s stock after selling 8,182 shares during the period. Ninety One UK Ltd owned about 0.85% of AGCO worth $68,313,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in shares of AGCO by 234.8% during the third quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 162 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of AGCO during the second quarter worth approximately $29,000. Elevation Wealth Partners LLC boosted its position in AGCO by 400.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 232 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in AGCO during the 2nd quarter worth $35,000. Finally, Trust Co. of Vermont acquired a new position in AGCO during the 2nd quarter worth $36,000. 78.80% of the stock is currently owned by institutional investors.

AGCO Trading Down 0.6%

Shares of NYSE:AGCO traded down $0.66 during midday trading on Thursday, reaching $106.12. The company had a trading volume of 186,841 shares, compared to its average volume of 844,498. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO Corporation has a 1-year low of $98.22 and a 1-year high of $143.78. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The company has a fifty day simple moving average of $113.69 and a two-hundred day simple moving average of $114.79.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share 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 company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the business posted $1.35 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Research analysts predict that AGCO Corporation will post 5.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lange De acquired 1,000 shares of the stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $100.71 per share, for a total transaction of $100,710.00. Following the transaction, the director owned 18,717 shares in the company, valued at approximately $1,884,989.07. This trade represents a 5.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric P. Hansotia sold 2,604 shares of AGCO stock in a transaction on Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the transaction, the chief executive officer owned 326,939 shares in the company, valued at $42,420,335.25. This represents a 0.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 497,622 shares of company stock worth $57,461,807 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AGCO. JPMorgan Chase & Co. raised their price target on AGCO from $123.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. Truist Financial increased their target price on shares of AGCO from $135.00 to $146.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Oppenheimer reissued an “outperform” rating on shares of AGCO in a research note on Thursday, October 8th. Morgan Stanley dropped their price target on shares of AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.92.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.