Davis Selected Advisers Buys 8,358 Shares of AGCO Corporation $AGCO

Davis Selected Advisers lifted its stake in shares of AGCO Corporation (NYSE:AGCO) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 1,812,922 shares of the industrial products company’s stock after buying an additional 8,358 shares during the quarter. AGCO comprises 1.0% of Davis Selected Advisers’ investment portfolio, making the stock its 26th largest position. Davis Selected Advisers’ holdings in AGCO were worth $194,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. grew its holdings in AGCO by 1,721.4% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 241 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of AGCO by 951.9% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 257 shares during the period. Pinnacle Bancorp Inc. bought a new position in shares of AGCO during the 3rd quarter worth about $29,000. SJS Investment Consulting Inc. boosted its position in shares of AGCO by 3,725.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 298 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of AGCO in the 3rd quarter valued at about $33,000. 78.80% of the stock is owned by institutional investors.

Insider Transactions at AGCO

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the sale, the senior vice president owned 16,844 shares in the company, valued at $2,308,301.76. This represents a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGCO. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. boosted their price objective on AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Oppenheimer upped their target price on AGCO from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Robert W. Baird set a $128.00 target price on AGCO in a report on Friday, February 6th. Finally, Truist Financial lifted their price target on shares of AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, AGCO currently has a consensus rating of “Hold” and an average target price of $122.73.

AGCO Price Performance

AGCO stock opened at $112.38 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The business has a 50-day simple moving average of $123.78 and a two-hundred day simple moving average of $112.86. The company has a market capitalization of $8.14 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.83 and a beta of 1.13. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $143.78.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 EPS 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 firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business posted $1.97 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 13th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 13th. This represents a $1.16 annualized dividend and a yield of 1.0%. AGCO’s dividend payout ratio (DPR) is 11.90%.

AGCO 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.