AGCO (NYSE:AGCO) Upgraded at Zacks Research

Zacks Research upgraded shares of AGCO (NYSE:AGCO) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks reports.

A number of other brokerages have also issued reports on AGCO. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley lowered their price objective on AGCO from $110.00 to $99.00 and set an “underweight” rating on the stock in a report on Tuesday, August 4th. Citigroup dropped their target price on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Wells Fargo & Company cut their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings raised AGCO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $123.08.

AGCO Price Performance

Shares of AGCO opened at $109.22 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. AGCO has a 1-year low of $98.22 and a 1-year high of $143.78. The stock has a market cap of $7.65 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.88 and a beta of 1.08. The firm has a fifty day moving average price of $113.56 and a 200 day moving average price of $115.09.

AGCO (NYSE:AGCO) last posted its quarterly earnings data 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 net margin of 5.15% and a return on equity of 10.09%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the company posted $1.35 earnings per share. AGCO’s revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, sell-side analysts anticipate that AGCO will post 5.55 EPS for the current year.

Insider Buying and Selling

In related news, CEO Eric P. Hansotia sold 2,604 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $129.75, for a total value of $337,869.00. Following the completion of the transaction, the chief executive officer directly owned 326,939 shares of the company’s stock, valued at $42,420,335.25. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of AGCO 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 transaction, 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. The SEC filing for this sale provides additional information. Insiders sold a total of 497,622 shares of company stock valued at $57,461,807 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of AGCO

Several large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of AGCO in the 2nd quarter worth about $701,908,000. Bank of America Corp DE increased its holdings in AGCO by 19.4% during the 1st quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock valued at $63,028,000 after acquiring an additional 88,571 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in AGCO during the second quarter worth about $64,273,000. Quantinno Capital Management LP raised its position in AGCO by 15.1% during the first quarter. Quantinno Capital Management LP now owns 492,234 shares of the industrial products company’s stock worth $57,035,000 after acquiring an additional 64,453 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of AGCO by 289.8% in the fourth quarter. Pacer Advisors Inc. now owns 274,814 shares of the industrial products company’s stock valued at $28,669,000 after purchasing an additional 204,318 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Company Profile

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.