AGCO Corporation $AGCO Position Lowered by Ninety One UK Ltd

Ninety One UK Ltd cut its stake in shares of AGCO Corporation (NYSE:AGCO) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 598,029 shares of the industrial products company’s stock after selling 8,182 shares during the period. Ninety One UK Ltd’s holdings in AGCO were worth $68,313,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of AGCO during the 2nd quarter valued at $1,239,000. The Manufacturers Life Insurance Company grew its holdings in shares of AGCO by 27.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after acquiring an additional 26,862 shares in the last quarter. Corient Private Wealth LP increased its stake in shares of AGCO by 21.5% in the second quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock worth $11,863,000 after acquiring an additional 17,562 shares during the last quarter. Bank of America Corp DE increased its stake in shares of AGCO by 19.4% in the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock worth $63,028,000 after acquiring an additional 88,571 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of AGCO in the second quarter worth $2,216,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Insider Buying and Selling at AGCO

In related news, SVP Ivory Harris sold 1,600 shares of AGCO stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $125.30, for a total value of $200,480.00. Following the completion of the sale, the senior vice president owned 14,454 shares of the company’s stock, valued at approximately $1,811,086.20. The trade was a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lange De acquired 1,000 shares of AGCO stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $100.71 per share, with a total value of $100,710.00. Following the purchase, the director owned 18,717 shares in the company, valued at $1,884,989.07. The trade was a 5.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 497,622 shares of company stock worth $57,461,807 in the last ninety days. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AGCO shares. Truist Financial increased their price objective on AGCO from $135.00 to $146.00 and gave the stock a “buy” rating in a report on Monday, October 5th. DA Davidson restated a “buy” rating and issued a $151.00 target price on shares of AGCO in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on AGCO from $123.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, October 8th. Weiss Ratings raised AGCO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. Finally, Morgan Stanley dropped their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.92.

AGCO Stock Down 0.6%

AGCO traded down $0.66 during midday trading on Thursday, hitting $106.12. 186,841 shares of the company’s stock traded hands, compared to its average volume of 844,498. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The company has a market cap of $7.43 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The stock’s fifty day simple moving average is $113.69 and its 200-day simple moving average is $114.79. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities analysts anticipate that AGCO Corporation will post 5.55 earnings per share for the current fiscal year.

About AGCO

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.