Pacer Advisors Inc. Cuts Stock Holdings in AGCO Corporation $AGCO

Pacer Advisors Inc. lowered its position in AGCO Corporation (NYSE:AGCO) by 97.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,139 shares of the industrial products company’s stock after selling 267,675 shares during the quarter. Pacer Advisors Inc.’s holdings in AGCO were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of AGCO. EverSource Wealth Advisors LLC lifted its position in AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of AGCO in the third quarter worth $33,000. Geneos Wealth Management Inc. raised its stake in shares of AGCO by 109.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 190 shares during the period. Torren Management LLC purchased a new position in shares of AGCO in the 4th quarter valued at $35,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of AGCO during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AGCO. JPMorgan Chase & Co. lowered their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Weiss Ratings lowered AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Morgan Stanley reduced their price target on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group reduced their target price on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $120.33.

Insider Activity

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the sale, the insider directly owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

AGCO Trading Up 0.0%

Shares of AGCO opened at $102.85 on Monday. The company has a market capitalization of $7.20 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.85 and a beta of 1.08. AGCO Corporation has a one year low of $99.21 and a one year high of $143.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The stock has a 50-day moving average price of $113.94 and a 200 day moving average price of $118.30.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. AGCO’s revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts forecast that AGCO Corporation will post 5.58 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is 16.60%.

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.