Mirova US LLC Sells 46,717 Shares of AGCO Corporation $AGCO

Mirova US LLC cut its holdings in shares of AGCO Corporation (NYSE:AGCO) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,206,541 shares of the industrial products company’s stock after selling 46,717 shares during the quarter. AGCO makes up 1.3% of Mirova US LLC’s investment portfolio, making the stock its 28th largest holding. Mirova US LLC’s holdings in AGCO were worth $129,184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in AGCO by 18.4% during the third quarter. Blue Trust Inc. now owns 2,640 shares of the industrial products company’s stock worth $283,000 after buying an additional 411 shares during the last quarter. CWM LLC grew its position in shares of AGCO by 25.2% during the 3rd quarter. CWM LLC now owns 2,208 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 445 shares during the period. Inspire Investing LLC increased its stake in shares of AGCO by 52.8% during the 3rd quarter. Inspire Investing LLC now owns 10,004 shares of the industrial products company’s stock worth $1,071,000 after purchasing an additional 3,455 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of AGCO in the 3rd quarter worth approximately $230,000. Finally, Farther Finance Advisors LLC lifted its stake in AGCO by 810.8% in the third quarter. Farther Finance Advisors LLC now owns 2,705 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 2,408 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $104.28, for a total transaction of $26,070.00. Following the completion of the sale, the senior vice president directly owned 17,130 shares in the company, valued at $1,786,316.40. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGCO shares. Truist Financial reaffirmed a “buy” rating and set a $123.00 price target (down previously from $142.00) on shares of AGCO in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on shares of AGCO from $127.00 to $123.00 and set an “overweight” rating on the stock in a report on Friday, December 19th. Oppenheimer boosted their price target on shares of AGCO from $123.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company initiated coverage on shares of AGCO in a report on Thursday, November 13th. They issued an “equal weight” rating and a $114.00 price objective for the company. Finally, Citigroup lowered their target price on shares of AGCO from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, AGCO presently has an average rating of “Hold” and a consensus target price of $110.60.

AGCO Stock Down 1.0%

AGCO opened at $104.38 on Tuesday. The firm has a market capitalization of $7.79 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.18. AGCO Corporation has a one year low of $73.79 and a one year high of $121.16. The company has a fifty day moving average price of $106.08 and a 200-day moving average price of $107.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.58 and a quick ratio of 0.73.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.48 billion. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Equities research analysts expect that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, November 14th. AGCO’s dividend payout ratio is 23.06%.

AGCO 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.