VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 10,350 AGCO Corporation $AGCO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of AGCO Corporation (NYSE:AGCO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,350 shares of the industrial products company’s stock, valued at approximately $1,239,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in AGCO in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its holdings in AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 257 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of AGCO in the 3rd quarter valued at approximately $33,000. Geneos Wealth Management Inc. raised its position in shares of AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in shares of AGCO by 400.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after buying an additional 232 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AGCO. Oppenheimer decreased their price target on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. cut their price target on shares of AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Truist Financial reiterated a “buy” rating and set a $135.00 price objective (down from $159.00) on shares of AGCO in a research note on Friday, July 31st. Wells Fargo & Company decreased their price objective on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. Five equities 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’s stock. According to data from MarketBeat.com, AGCO currently has an average rating of “Hold” and an average price target of $122.17.

Insider Buying and Selling at AGCO

In other AGCO news, Director Lange De acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kelvin Bennett sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $132.89, for a total transaction of $132,890.00. Following the completion of the transaction, the senior vice president directly owned 14,047 shares in the company, valued at $1,866,705.83. This represents a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 496,022 shares of company stock valued at $57,261,327. Corporate insiders own 0.62% of the company’s stock.

AGCO Price Performance

Shares of NYSE AGCO opened at $121.12 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. AGCO Corporation has a twelve month low of $98.22 and a twelve month high of $143.78. The business has a 50 day simple moving average of $112.91 and a 200-day simple moving average of $116.20.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts expect that AGCO Corporation will post 5.54 earnings per share for the current year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO’s dividend payout ratio (DPR) is presently 16.60%.

AGCO Company Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO’s product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.