XML Financial LLC Buys 2,189 Shares of AGCO Corporation $AGCO

XML Financial LLC increased its stake in shares of AGCO Corporation (NYSE:AGCO) by 20.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,087 shares of the industrial products company’s stock after buying an additional 2,189 shares during the quarter. XML Financial LLC’s holdings in AGCO were worth $1,350,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in shares of AGCO by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,414 shares of the industrial products company’s stock worth $868,000 after acquiring an additional 173 shares in the last quarter. GAMMA Investing LLC grew its position in AGCO by 84.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,672 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 764 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in AGCO in the 2nd quarter valued at about $2,699,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of AGCO by 9.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,789 shares of the industrial products company’s stock worth $635,000 after buying an additional 497 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its stake in shares of AGCO by 3.1% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company’s stock worth $390,000 after buying an additional 113 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGCO shares. UBS Group reaffirmed a “neutral” rating and issued a $119.00 target price (up from $100.00) on shares of AGCO in a report on Friday, August 8th. Zacks Research downgraded AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Oppenheimer reduced their price target on shares of AGCO from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. JPMorgan Chase & Co. decreased their price objective on shares of AGCO from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus price target of $111.63.

Insider Activity at AGCO

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the sale, the senior vice president owned 16,189 shares of the company’s stock, valued at approximately $1,771,076.60. This represents a 38.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.90% of the company’s stock.

AGCO Trading Down 1.7%

Shares of AGCO stock opened at $107.90 on Tuesday. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 80.52, a PEG ratio of 1.75 and a beta of 1.20. The company’s fifty day simple moving average is $110.86 and its two-hundred day simple moving average is $101.95. AGCO Corporation has a 1 year low of $73.79 and a 1 year high of $121.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The firm’s quarterly revenue was down 18.8% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. As a group, analysts anticipate that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. AGCO’s dividend payout ratio is presently 86.57%.

AGCO announced that its Board of Directors has initiated a share buyback program on Wednesday, July 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 12.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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.