Moore Capital Management LP Invests $21.25 Million in AGCO Corporation $AGCO

Moore Capital Management LP purchased a new stake in shares of AGCO Corporation (NYSE:AGCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 203,708 shares of the industrial products company’s stock, valued at approximately $21,251,000.

A number of other hedge funds also recently bought and sold shares of the business. Man Group plc purchased a new stake in AGCO during the fourth quarter valued at $1,674,000. Inspire Investing LLC raised its stake in AGCO by 4.3% during the fourth quarter. Inspire Investing LLC now owns 10,436 shares of the industrial products company’s stock valued at $1,089,000 after purchasing an additional 432 shares in the last quarter. Gotham Asset Management LLC raised its stake in AGCO by 38.3% during the fourth quarter. Gotham Asset Management LLC now owns 227,512 shares of the industrial products company’s stock valued at $23,734,000 after purchasing an additional 62,967 shares in the last quarter. Concentric Capital Strategies LP purchased a new stake in AGCO during the fourth quarter valued at $1,628,000. Finally, Balyasny Asset Management L.P. raised its stake in AGCO by 100.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 164,973 shares of the industrial products company’s stock valued at $17,210,000 after purchasing an additional 82,729 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Transactions at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the transaction, the insider directly owned 3,149,820 shares in the company, valued at $388,309,809.60. This represents a 11.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AGCO shares. Oppenheimer set a $134.00 target price on shares of AGCO in a research note on Wednesday, May 6th. Morgan Stanley reissued an “underweight” rating and issued a $108.00 target price on shares of AGCO in a research note on Thursday, May 14th. UBS Group reissued a “neutral” rating and issued a $123.00 target price on shares of AGCO in a research note on Sunday, May 10th. Weiss Ratings downgraded shares of AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $126.50.

AGCO Stock Down 0.9%

Shares of AGCO stock opened at $112.14 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. AGCO Corporation has a 1 year low of $98.60 and a 1 year high of $143.78. The firm’s 50-day moving average is $116.14 and its two-hundred day moving average is $116.62. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.76 and a beta of 1.08.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.50. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. As a group, research analysts expect that AGCO Corporation will post 5.99 earnings per share for the current fiscal year.

AGCO Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 15th. This is a positive change from AGCO’s previous quarterly dividend of $0.29. AGCO’s dividend payout ratio (DPR) is currently 11.57%.

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.