AGCO Corporation $AGCO Stake Lowered by Ninety One North America Inc.

Ninety One North America Inc. decreased its stake in shares of AGCO Corporation (NYSE:AGCO) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,456 shares of the industrial products company’s stock after selling 22,686 shares during the period. Ninety One North America Inc. owned 0.11% of AGCO worth $8,962,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fortitude Family Office LLC increased its position in shares of AGCO by 234.8% in the 3rd quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 162 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of AGCO in the second quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in AGCO during the 2nd quarter valued at $35,000. Elevation Wealth Partners LLC grew its holdings in shares of AGCO by 400.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 232 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in AGCO in the second quarter worth $36,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AGCO shares. Oppenheimer reaffirmed an “outperform” rating on shares of AGCO in a report on Thursday, October 8th. Zacks Research raised shares of AGCO from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Morgan Stanley dropped their target price on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of AGCO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Finally, Robert W. Baird upgraded shares of AGCO from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $120.00 to $150.00 in a research report on Monday, August 31st. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.92.

Insider Buying and Selling

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 3,017,565 shares in the company, valued at $348,015,771.45. This represents a 14.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Hansotia sold 2,604 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total transaction of $337,869.00. Following the sale, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at $42,420,335.25. The trade was a 0.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 497,622 shares of company stock worth $57,461,807 over the last three months. 0.62% of the stock is currently owned by company insiders.

AGCO Stock Down 1.0%

AGCO stock traded down $1.04 during midday trading on Thursday, hitting $105.74. The stock had a trading volume of 184,740 shares, compared to its average volume of 844,498. AGCO Corporation has a 52-week low of $98.22 and a 52-week high of $143.78. The business has a 50-day moving average of $113.69 and a two-hundred day moving average of $114.79. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts forecast that AGCO Corporation will post 5.55 earnings per share for the current fiscal year.

AGCO Company Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.