EMC Capital Management Sells 1,574 Shares of AGCO Corporation $AGCO

EMC Capital Management trimmed its position in AGCO Corporation (NYSE:AGCO) by 41.7% in the 2nd quarter, Holdings Channel reports. The firm owned 2,203 shares of the industrial products company’s stock after selling 1,574 shares during the quarter. EMC Capital Management’s holdings in AGCO were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AGCO in the first quarter worth $32,000. Geneos Wealth Management Inc. increased its stake in AGCO by 109.2% in the 1st 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 last quarter. Quarry LP purchased a new stake in shares of AGCO in the 1st quarter valued at about $37,000. Atlantic Union Bankshares Corp bought a new stake in shares of AGCO during the 2nd quarter valued at about $44,000. Finally, Advantage Trust Co purchased a new position in shares of AGCO during the second quarter worth about $52,000. Institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $102.21 on Wednesday. The firm has a market cap of $7.63 billion, a P/E ratio of 76.27, a P/E/G ratio of 1.73 and a beta of 1.25. The firm’s fifty day moving average is $107.49 and its 200 day moving average is $106.98. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Research analysts predict that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 14th. AGCO’s dividend payout ratio (DPR) is presently 23.06%.

Insider Buying and Selling

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $104.28, for a total value of $26,070.00. Following the completion of the sale, the senior vice president owned 17,130 shares in the company, valued at approximately $1,786,316.40. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $123.00 target price (down from $142.00) on shares of AGCO in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Wells Fargo & Company began coverage on shares of AGCO in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $114.00 target price for the company. Citigroup reduced their target price on AGCO from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Barclays raised their price target on AGCO from $110.00 to $116.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.70.

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.