SG Americas Securities LLC Reduces Holdings in AGCO Corporation $AGCO

SG Americas Securities LLC reduced its stake in shares of AGCO Corporation (NYSE:AGCO) by 16.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 131,152 shares of the industrial products company’s stock after selling 26,157 shares during the quarter. SG Americas Securities LLC’s holdings in AGCO were worth $15,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of AGCO by 951.9% during the second 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 in the last quarter. Advisory Services Network LLC acquired a new stake in shares of AGCO in the 3rd quarter valued at about $33,000. Geneos Wealth Management Inc. grew its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after buying an additional 190 shares during the last quarter. Torren Management LLC purchased a new position in AGCO during the 4th quarter worth approximately $35,000. Finally, Allworth Financial LP increased its position in AGCO by 64.3% during the third quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock worth $42,000 after buying an additional 155 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total value of $52,096,895.20. Following the transaction, the insider directly owned 3,149,820 shares in the company, valued at $388,309,809.60. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $123.00 price objective on shares of AGCO in a research note on Sunday, May 10th. Morgan Stanley reaffirmed an “underweight” rating and issued a $108.00 target price on shares of AGCO in a report on Thursday, May 14th. Oppenheimer set a $134.00 price target on shares of AGCO in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $126.50.

AGCO Stock Performance

Shares of AGCO stock opened at $118.72 on Friday. The stock’s 50-day moving average price is $115.43 and its 200 day moving average price is $117.00. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $8.60 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. AGCO Corporation has a 52-week low of $99.21 and a 52-week high of $143.78.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, equities research analysts forecast that AGCO Corporation will post 5.99 EPS for the current year.

AGCO Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were issued a dividend of $0.30 per share. This is a boost from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. AGCO’s dividend payout ratio is 11.57%.

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.