Quantbot Technologies LP Decreases Stock Position in AGCO Corporation $AGCO

Quantbot Technologies LP decreased its stake in shares of AGCO Corporation (NYSE:AGCO) by 37.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,160 shares of the industrial products company’s stock after selling 17,598 shares during the quarter. Quantbot Technologies LP’s holdings in AGCO were worth $2,699,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in AGCO by 1.3% during the first quarter. Northern Trust Corp now owns 564,286 shares of the industrial products company’s stock worth $52,236,000 after buying an additional 6,985 shares in the last quarter. Brooklyn Investment Group lifted its position in AGCO by 98.7% during the first quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company’s stock worth $55,000 after buying an additional 293 shares in the last quarter. Corient IA LLC purchased a new position in AGCO during the first quarter worth approximately $278,000. Raymond James Financial Inc. lifted its position in AGCO by 8.3% during the first quarter. Raymond James Financial Inc. now owns 195,122 shares of the industrial products company’s stock worth $18,062,000 after buying an additional 14,922 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in AGCO by 23.5% during the first quarter. American Century Companies Inc. now owns 154,006 shares of the industrial products company’s stock worth $14,256,000 after buying an additional 29,310 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of AGCO stock in a transaction on Monday, August 11th. The stock was sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the sale, the senior vice president directly owned 16,189 shares of the company’s stock, valued at approximately $1,771,076.60. The trade was a 38.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.60% of the company’s stock.

AGCO Price Performance

NYSE:AGCO opened at $112.8210 on Thursday. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $121.16. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $8.42 billion, a P/E ratio of 84.20, a P/E/G ratio of 1.79 and a beta of 1.21. The stock’s fifty day moving average is $108.44 and its two-hundred day moving average is $99.50.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.29. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Equities analysts expect that AGCO Corporation will post 4.2 EPS for the current year.

AGCO announced that its Board of Directors has authorized a share buyback plan on Wednesday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

AGCO Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. AGCO’s payout ratio is presently 86.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AGCO shares. Morgan Stanley lifted their price objective on AGCO from $75.00 to $84.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. UBS Group reiterated a “neutral” rating and set a $119.00 price objective (up previously from $100.00) on shares of AGCO in a research report on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on AGCO from $130.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Oppenheimer lifted their target price on AGCO from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.63.

AGCO Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.