Jupiter Topco LLC Buys New Stake in AGCO Corporation $AGCO

Jupiter Topco LLC bought a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, Holdings Channel.com reports. The fund bought 25,380 shares of the industrial products company’s stock, valued at approximately $3,040,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in AGCO in the second quarter valued at $701,908,000. Capital World Investors grew its holdings in shares of AGCO by 309.0% during the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock worth $250,717,000 after purchasing an additional 1,815,741 shares during the last quarter. Norges Bank acquired a new stake in shares of AGCO during the fourth quarter worth about $78,202,000. Bank of New York Mellon Corp acquired a new stake in shares of AGCO during the second quarter worth about $64,273,000. Finally, Invesco Ltd. lifted its holdings in shares of AGCO by 20.6% in the 3rd quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock valued at $223,448,000 after purchasing an additional 356,560 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lange Bob De purchased 1,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares of the company’s stock, valued at $1,884,989.07. This trade represents a 5.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction on Wednesday, August 5th. The stock was 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 approximately $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Zacks Research lowered AGCO from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 price objective on shares of AGCO in a research note on Friday, July 31st. DA Davidson set a $151.00 price objective on AGCO in a report on Friday, July 31st. Finally, Truist Financial restated a “buy” rating and set a $135.00 target price (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $122.17.

AGCO Price Performance

Shares of AGCO opened at $126.46 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. AGCO Corporation has a fifty-two week low of $98.22 and a fifty-two week high of $143.78. The firm has a 50-day simple moving average of $111.61 and a 200-day simple moving average of $116.61. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.10.

AGCO (NYSE:AGCO) last issued its quarterly earnings results 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). The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities research analysts anticipate that AGCO Corporation will post 5.54 earnings per share for the current year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.9%. AGCO’s payout ratio is presently 16.60%.

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.