Barings LLC Lowers Holdings in AGCO Corporation $AGCO

Barings LLC reduced its stake in shares of AGCO Corporation (NYSE:AGCO) by 37.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,418 shares of the industrial products company’s stock after selling 11,015 shares during the period. Barings LLC’s holdings in AGCO were worth $1,972,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AGCO. AMG National Trust Bank increased its position in AGCO by 4.1% during the third quarter. AMG National Trust Bank now owns 12,398 shares of the industrial products company’s stock worth $1,327,000 after purchasing an additional 488 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of AGCO by 520.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock worth $3,833,000 after buying an additional 30,030 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of AGCO by 3,640.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,021 shares of the industrial products company’s stock worth $2,679,000 after buying an additional 24,352 shares during the period. Smithfield Trust Co boosted its holdings in AGCO by 888.9% in the third quarter. Smithfield Trust Co now owns 890 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 800 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in AGCO by 13.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 23,966 shares of the industrial products company’s stock valued at $2,566,000 after acquiring an additional 2,763 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm’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 sale, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. This trade represents a 12.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is currently owned by company insiders.

AGCO Price Performance

Shares of AGCO stock opened at $137.76 on Friday. The firm has a fifty day simple moving average of $116.30 and a 200-day simple moving average of $111.07. The company has a market capitalization of $9.97 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. AGCO Corporation has a twelve month low of $73.79 and a twelve 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.

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

AGCO Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on AGCO. Weiss Ratings restated a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. BMO Capital Markets increased their target price on shares of AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and set a $127.00 price target on shares of AGCO in a research report on Friday, February 6th. Citigroup increased their price objective on shares of AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company set a $132.00 target price on shares of AGCO in a research note on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $122.73.

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.