AGCO (NYSE:AGCO) Trading Down 5% – Here’s Why

AGCO Corporation (NYSE:AGCO) shares were down 5% during mid-day trading on Wednesday . The stock traded as low as $115.43 and last traded at $116.4620. Approximately 104,141 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 764,272 shares. The stock had previously closed at $122.58.

Wall Street Analyst Weigh In

AGCO has been the subject of several research analyst reports. Weiss Ratings upgraded AGCO from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Truist Financial lifted their price objective on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Wells Fargo & Company set a $132.00 price objective on AGCO in a report on Monday, February 9th. Finally, Citigroup lifted their price objective 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 issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $122.73.

AGCO Trading Up 0.2%

The stock has a 50 day simple moving average of $124.72 and a 200-day simple moving average of $113.87. The firm has a market capitalization of $8.36 billion, a P/E ratio of 11.84, a P/E/G ratio of 0.82 and a beta of 1.16. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities research analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s 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 directly owned 16,844 shares in the company, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGCO. Capital World Investors lifted its holdings in AGCO by 309.0% in the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after purchasing an additional 1,815,741 shares in the last quarter. Norges Bank purchased a new position in AGCO in the 4th quarter worth approximately $78,202,000. Massachusetts Financial Services Co. MA lifted its holdings in AGCO by 32.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock worth $304,092,000 after purchasing an additional 700,558 shares in the last quarter. Ninety One UK Ltd purchased a new position in AGCO in the 3rd quarter worth approximately $69,996,000. Finally, Invesco Ltd. lifted its holdings in AGCO by 20.6% in the 3rd quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after purchasing an additional 356,560 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

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.