Rhumbline Advisers Grows Holdings in AGCO Corporation $AGCO

Rhumbline Advisers boosted its holdings in shares of AGCO Corporation (NYSE:AGCO) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 174,111 shares of the industrial products company’s stock after purchasing an additional 5,249 shares during the period. Rhumbline Advisers owned approximately 0.23% of AGCO worth $18,642,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AGCO by 46.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after buying an additional 1,567 shares during the last quarter. Jones Financial Companies Lllp lifted its position in AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 149 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of AGCO by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after purchasing an additional 61,009 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of AGCO by 3.1% in the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after purchasing an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Price Performance

AGCO stock opened at $138.54 on Wednesday. The firm has a 50 day moving average of $114.54 and a 200-day moving average of $110.53. AGCO Corporation has a 12-month low of $73.79 and a 12-month high of $143.78. The company has a current ratio of 1.39, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.99 and a beta of 1.19.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.32. AGCO had a return on equity of 9.39% and a net margin of 7.21%.The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm posted $1.97 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, equities analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be given a $0.29 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.8%. AGCO’s dividend payout ratio (DPR) is currently 11.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGCO. Citigroup lifted their price objective on shares of AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Wells Fargo & Company set a $132.00 target price on shares of AGCO in a report on Monday, February 9th. Robert W. Baird set a $128.00 price target on shares of AGCO in a research note on Friday, February 6th. UBS Group restated a “neutral” rating and issued a $127.00 price objective on shares of AGCO in a research report on Friday, February 6th. Finally, Barclays lifted their price objective on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $122.73.

About AGCO

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.