AGCO (NYSE:AGCO) Stock Rating Upgraded by Zacks Research

AGCO (NYSE:AGCO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

AGCO has been the topic of a number of other research reports. Wells Fargo & Company decreased their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Oppenheimer reduced their price target on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Truist Financial lifted their price target on shares of AGCO from $135.00 to $146.00 and gave the company a “buy” rating in a report on Monday. Wall Street Zen cut shares of AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised shares of AGCO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, AGCO has a consensus rating of “Hold” and a consensus target price of $123.08.

AGCO Stock Up 0.2%

Shares of AGCO opened at $116.41 on Monday. AGCO has a 12 month low of $98.22 and a 12 month high of $143.78. The firm’s 50 day moving average is $113.70 and its 200-day moving average is $115.10. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $8.15 billion, a PE ratio of 16.10, a P/E/G ratio of 0.88 and a beta of 1.08.

AGCO (NYSE:AGCO) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share 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 the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company earned $1.35 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities research analysts forecast that AGCO will post 5.55 EPS for the current year.

Insider Transactions at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the transaction, the insider directly owned 3,017,565 shares of the company’s stock, valued at $348,015,771.45. This trade represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric P. Hansotia sold 2,604 shares of AGCO stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $129.75, for a total value of $337,869.00. Following the transaction, the chief executive officer directly owned 326,939 shares in the company, valued at $42,420,335.25. The trade was a 0.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 497,622 shares of company stock worth $57,461,807. 0.62% of the stock is currently owned by insiders.

Institutional Trading of AGCO

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in shares of AGCO by 27.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after acquiring an additional 26,862 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in AGCO during the second quarter worth $1,239,000. Corient Private Wealth LP lifted its stake in AGCO by 21.5% during the 2nd quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company’s stock valued at $11,863,000 after acquiring an additional 17,562 shares in the last quarter. Bank of America Corp DE boosted its holdings in AGCO by 19.4% during the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock worth $63,028,000 after purchasing an additional 88,571 shares during the last quarter. Finally, BlackRock Inc. bought a new stake in AGCO during the second quarter worth $701,908,000. 78.80% of the stock is currently owned by institutional investors.

About AGCO

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.