14,294 Shares in AGCO Corporation $AGCO Bought by Cibc World Market Inc.

Cibc World Market Inc. purchased a new stake in shares of AGCO Corporation (NYSE:AGCO) during the second quarter, HoldingsChannel reports. The fund purchased 14,294 shares of the industrial products company’s stock, valued at approximately $1,711,000.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of AGCO by 5.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock worth $235,000 after buying an additional 94 shares in the last quarter. UMB Bank n.a. raised its position in shares of AGCO by 16.8% during the 4th quarter. UMB Bank n.a. now owns 759 shares of the industrial products company’s stock valued at $79,000 after buying an additional 109 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of AGCO by 6.1% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock valued at $247,000 after buying an additional 137 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of AGCO by 36.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 138 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 price target on shares of AGCO in a research report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Weiss Ratings lowered AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. DA Davidson set a $151.00 target price on AGCO in a report on Friday, July 31st. Finally, Citigroup cut their target price on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $120.33.

AGCO Price Performance

AGCO stock opened at $110.81 on Friday. The firm has a 50-day moving average price of $111.07 and a 200-day moving average price of $117.08. The firm has a market capitalization of $7.76 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. AGCO Corporation has a 12-month low of $98.22 and a 12-month high of $143.78.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.AGCO’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts forecast that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is 16.60%.

Insider Buying and Selling

In other AGCO news, Director Lange Bob De purchased 1,000 shares of AGCO stock in a transaction dated Friday, August 14th. The shares were purchased at an average cost of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the acquisition, the director owned 18,717 shares in the company, valued at $1,884,989.07. This represents a 5.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the sale, the insider directly owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

AGCO Company Profile

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.