Ninety One UK Ltd Lowers Holdings in AGCO Corporation $AGCO

Ninety One UK Ltd decreased its stake in AGCO Corporation (NYSE:AGCO) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 642,042 shares of the industrial products company’s stock after selling 11,701 shares during the quarter. Ninety One UK Ltd’s holdings in AGCO were worth $66,978,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. boosted its stake in shares of AGCO by 1,721.4% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after buying an additional 241 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of AGCO in the third quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of AGCO by 951.9% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock worth $29,000 after buying an additional 257 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of AGCO by 3,725.0% in the third quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after buying an additional 298 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of AGCO in the third quarter worth about $33,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Activity at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the completion of the transaction, the senior vice president owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets upped their price target on AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Barclays upped their price target on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price target on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Citigroup upped their price target on AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $122.73.

AGCO Price Performance

Shares of AGCO stock opened at $118.53 on Friday. The business has a 50 day simple moving average of $124.44 and a two-hundred day simple moving average of $113.95. AGCO Corporation has a 12 month low of $78.37 and a 12 month high of $143.78. The stock has a market capitalization of $8.58 billion, a P/E ratio of 12.16, a PEG ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm earned $1.97 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts predict that AGCO Corporation will post 4.2 EPS for the current fiscal year.

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.