Lombard Odier Asset Management Europe Ltd Sells 30,708 Shares of AGCO Corporation $AGCO

Lombard Odier Asset Management Europe Ltd cut its stake in shares of AGCO Corporation (NYSE:AGCO) by 86.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,691 shares of the industrial products company’s stock after selling 30,708 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in AGCO were worth $544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AGCO by 46.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 1,567 shares in the last quarter. Jones Financial Companies Lllp raised its position in AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 149 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 buying an additional 61,009 shares during the period. Empowered Funds LLC lifted its holdings in shares of AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after buying an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of AGCO by 109.2% during 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 in the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AGCO shares. Oppenheimer set a $134.00 price target on AGCO in a research note on Wednesday, May 6th. DA Davidson assumed coverage on shares of AGCO in a research note on Friday, July 10th. They issued a “buy” rating and a $160.00 price objective for the company. Truist Financial increased their target price on shares of AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. UBS Group reiterated a “neutral” rating and set a $123.00 target price on shares of AGCO in a report on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, AGCO presently has an average rating of “Hold” and a consensus 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 firm’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 sale, the insider directly owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

AGCO Trading Up 0.0%

Shares of NYSE:AGCO opened at $121.25 on Monday. The company has a market capitalization of $8.78 billion, a PE ratio of 11.69, a P/E/G ratio of 0.90 and a beta of 1.07. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. AGCO Corporation has a 12-month low of $99.21 and a 12-month high of $143.78. The business’s fifty day simple moving average is $114.83 and its 200-day simple moving average is $118.47.

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 analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, equities research analysts predict that AGCO Corporation will post 6.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio is presently 11.57%.

AGCO Company 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.