Advantage Trust Co Invests $52,000 in AGCO Corporation $AGCO

Advantage Trust Co purchased a new position in shares of AGCO Corporation (NYSE:AGCO) in the second quarter, HoldingsChannel.com reports. The fund purchased 500 shares of the industrial products company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citizens National Bank Trust Department lifted its holdings in shares of AGCO by 400.0% during the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of AGCO during the 1st quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its holdings in shares of AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the period. Quarry LP bought a new stake in shares of AGCO during the 1st quarter worth approximately $37,000. Finally, Brooklyn Investment Group lifted its holdings in shares of AGCO by 98.7% during the 1st quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 293 shares during the period. Institutional investors own 78.80% of the company’s stock.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the completion of the sale, the senior vice president directly owned 16,189 shares in the company, valued at $1,771,076.60. This represents a 38.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.90% of the stock is currently owned by company insiders.

AGCO Trading Up 0.3%

Shares of NYSE AGCO opened at $107.96 on Tuesday. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The firm has a 50 day moving average price of $109.66 and a two-hundred day moving average price of $103.49. The stock has a market cap of $8.06 billion, a P/E ratio of 80.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.29. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company posted $2.53 earnings per share. AGCO’s revenue for the quarter was down 18.8% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. As a group, equities analysts forecast that AGCO Corporation will post 4.2 EPS for the current year.

AGCO announced that its board has authorized a stock buyback program on Wednesday, July 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

AGCO has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of AGCO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. UBS Group reiterated a “neutral” rating and set a $119.00 price objective (up from $100.00) on shares of AGCO in a research report on Friday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Citigroup lowered their price objective on shares of AGCO from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $116.33.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.