VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 10,350 AGCO Corporation $AGCO

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of AGCO Corporation (NYSE:AGCO) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 10,350 shares of the industrial products company’s stock, valued at approximately $1,239,000.

Several other institutional investors have also modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of AGCO by 11,209.3% in the 2nd quarter. California State Teachers Retirement System now owns 8,316,277 shares of the industrial products company’s stock worth $995,458,000 after acquiring an additional 8,242,742 shares during the period. BlackRock Inc. acquired a new position in AGCO during the 2nd quarter valued at about $701,908,000. Capital World Investors boosted its stake in AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after purchasing an additional 1,815,741 shares during the period. Norges Bank bought a new position in AGCO in the 4th quarter worth about $78,202,000. Finally, Bank of New York Mellon Corp bought a new position in AGCO in the 2nd quarter worth about $64,273,000. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $135.00 price target (down from $159.00) on shares of AGCO in a report on Friday, July 31st. Weiss Ratings lowered AGCO from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 31st. Robert W. Baird raised AGCO from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $120.00 to $150.00 in a report on Monday, August 31st. Oppenheimer lowered their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, AGCO has an average rating of “Hold” and a consensus target price of $122.17.

AGCO Stock Down 0.7%

NYSE AGCO opened at $121.12 on Friday. AGCO Corporation has a 12 month low of $98.22 and a 12 month high of $143.78. The company has a market capitalization of $8.48 billion, a P/E ratio of 16.75, a PEG ratio of 1.01 and a beta of 1.10. The company’s 50 day simple moving average is $112.91 and its 200 day simple moving average is $116.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58.

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

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is presently 16.60%.

Insider Buying and Selling

In other news, CEO Eric Hansotia sold 2,604 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $129.75, for a total transaction of $337,869.00. Following the sale, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at $42,420,335.25. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lange De bought 1,000 shares of AGCO stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director owned 18,717 shares of the company’s stock, valued at $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 496,022 shares of company stock valued at $57,261,327. Insiders own 0.62% of the company’s stock.

AGCO Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers with products designed for crop production, harvesting, hay and forage operations, and farm management.

AGCO’s product portfolio includes tractors, combines, application equipment, hay and forage machinery, implements, replacement parts and precision agriculture technologies. Its principal brands include Fendt, Massey Ferguson, Challenger, GSI and Valtra, while its precision agriculture offerings support activities such as guidance, data management, machine control and autonomous farming.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO has expanded through additional acquisitions and brand development.