AGCO Corporation $AGCO Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of AGCO Corporation (NYSE:AGCO) by 20.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,555,874 shares of the industrial products company’s stock after selling 664,274 shares during the quarter. Victory Capital Management Inc.’s holdings in AGCO were worth $273,657,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jupiter Asset Management Ltd. raised its stake 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 valued at $3,833,000 after buying an additional 30,030 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in AGCO in the third quarter valued at approximately $1,126,000. Neo Ivy Capital Management acquired a new stake in AGCO in the 2nd quarter valued at $817,000. Eisler Capital Management Ltd. acquired a new stake in AGCO in the 2nd quarter valued at $15,979,000. Finally, Level Four Advisory Services LLC increased its holdings in AGCO by 3.0% in the 2nd quarter. Level Four Advisory Services LLC now owns 81,011 shares of the industrial products company’s stock worth $8,357,000 after acquiring an additional 2,391 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Down 2.9%

AGCO stock opened at $133.02 on Wednesday. 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 firm has a 50-day moving average of $120.29 and a two-hundred day moving average of $112.19. AGCO Corporation has a 12 month low of $73.79 and a 12 month high of $143.78. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.97 and a beta of 1.13.

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

AGCO Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be paid 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 0.9%. AGCO’s dividend payout ratio (DPR) is 11.90%.

Analyst Ratings Changes

AGCO has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and issued a $127.00 price target on shares of AGCO in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGCO in a report on Monday, December 22nd. Truist Financial increased their target price on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company set a $132.00 target price on AGCO in a research report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $122.73.

Insider Activity at AGCO

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO 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 transaction, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. The trade was a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the stock is currently owned by corporate insiders.

About AGCO

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.