Louisiana State Employees Retirement System Acquires New Shares in AGCO Corporation $AGCO

Louisiana State Employees Retirement System bought a new stake in AGCO Corporation (NYSE:AGCO) during the 1st quarter, Holdings Channel reports. The fund bought 17,400 shares of the industrial products company’s stock, valued at approximately $2,016,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of AGCO by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after buying an additional 73,880 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of AGCO by 3.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after acquiring an additional 98,988 shares during the period. Capital World Investors raised its position in shares of AGCO by 309.0% in the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after acquiring an additional 1,815,741 shares during the period. Invesco Ltd. boosted its stake in AGCO by 15.1% during the 4th quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock worth $250,502,000 after acquiring an additional 314,355 shares during the last quarter. Finally, Davis Selected Advisers boosted its stake in AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after acquiring an additional 235,913 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $119.75 on Wednesday. The stock has a 50-day moving average price of $115.58 and a two-hundred day moving average price of $117.28. The stock has a market cap of $8.67 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. AGCO Corporation has a 1 year low of $99.21 and a 1 year high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Equities analysts forecast that AGCO Corporation will post 5.99 EPS for the current fiscal year.

AGCO Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were given a $0.30 dividend. This is a boost from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. AGCO’s payout ratio is presently 11.57%.

Insider Buying and Selling

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the completion of the transaction, the insider owned 3,149,820 shares in the company, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Oppenheimer set a $134.00 target price on shares of AGCO in a research note on Wednesday, May 6th. Morgan Stanley restated an “underweight” rating and issued a $108.00 price objective on shares of AGCO in a research report on Thursday, May 14th. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, UBS Group restated a “neutral” rating and issued a $123.00 price target on shares of AGCO in a report on Sunday, May 10th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.50.

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.