AGCO Corporation (NYSE:AGCO) Short Interest Down 20.8% in February

AGCO Corporation (NYSE:AGCO) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 2,310,666 shares, a decrease of 20.8% from the February 12th total of 2,915,804 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 740,362 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 740,362 shares, the short-interest ratio is currently 3.1 days. Currently, 3.8% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company set a $132.00 target price on AGCO in a research note on Monday, February 9th. Oppenheimer boosted their price target on shares of AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Barclays upped their price target on shares of AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. BMO Capital Markets lifted their price objective on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Finally, Robert W. Baird set a $128.00 target price on AGCO in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $122.73.

AGCO Stock Up 0.0%

NYSE AGCO traded up $0.05 during trading on Monday, reaching $118.62. The company’s stock had a trading volume of 598,758 shares, compared to its average volume of 660,771. 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 stock has a market capitalization of $8.59 billion, a PE ratio of 12.17, a PEG ratio of 0.84 and a beta of 1.13. AGCO has a 1-year low of $73.79 and a 1-year high of $143.78. The business has a 50-day moving average price of $123.56 and a 200-day moving average price of $112.80.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.85 by $0.32. The company 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%. AGCO’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.97 EPS. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts forecast that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given 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 dividend yield of 1.0%. AGCO’s payout ratio is currently 11.90%.

Insider Activity

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the stock in a transaction 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 approximately $2,308,301.76. This represents a 12.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 acquiring an additional 1,567 shares during the period. Jones Financial Companies Lllp boosted its holdings in AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 149 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 period. Empowered Funds LLC increased its holdings in shares of AGCO by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 176 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in 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 buying an additional 190 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

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.