Weiss Asset Management LP Takes $1.66 Million Position in AGCO Corporation $AGCO

Weiss Asset Management LP purchased a new stake in shares of AGCO Corporation (NYSE:AGCO) during the first quarter, Holdings Channel reports. The institutional investor purchased 14,315 shares of the industrial products company’s stock, valued at approximately $1,659,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of AGCO during the third quarter worth $33,000. Torren Management LLC purchased a new stake in shares of AGCO during the fourth quarter worth $35,000. Geneos Wealth Management Inc. boosted its holdings in shares of AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of AGCO by 64.3% in the third quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 155 shares during the period. 78.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on AGCO from $108.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. cut 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. Truist Financial lifted their target price on AGCO from $152.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, UBS Group reissued a “neutral” rating and issued a $123.00 price target on shares of AGCO in a report on Sunday, May 10th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AGCO has an average rating of “Hold” and a consensus price target of $129.64.

AGCO Trading Up 0.0%

AGCO stock opened at $121.25 on Monday. 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 Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The stock has a market cap of $8.78 billion, a P/E ratio of 11.69, a PEG ratio of 0.90 and a beta of 1.07. The firm’s fifty day moving average price is $114.83 and its 200-day moving average price is $118.47.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $0.41 earnings per share. 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. Equities research analysts forecast that AGCO Corporation will post 6.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued 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 1.0%. AGCO’s dividend payout ratio (DPR) is presently 11.57%.

Insider Activity

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction dated 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 sale, the insider 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

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.