Erste Asset Management GmbH Has $2.02 Million Holdings in AGCO Corporation $AGCO

Erste Asset Management GmbH decreased its holdings in AGCO Corporation (NYSE:AGCO) by 28.1% during the third quarter, Holdings Channel.com reports. The firm owned 18,629 shares of the industrial products company’s stock after selling 7,274 shares during the period. Erste Asset Management GmbH’s holdings in AGCO were worth $2,023,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AGCO by 46.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 1,567 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after buying an additional 149 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of AGCO by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after acquiring an additional 61,009 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of AGCO by 3.1% during the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock valued at $544,000 after acquiring an additional 176 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of AGCO by 109.2% in the first 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 last quarter. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the completion of the transaction, the senior vice president owned 16,844 shares of the company’s stock, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGCO. Oppenheimer boosted their target price on AGCO from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Robert W. Baird set a $128.00 price target on AGCO in a report on Friday, February 6th. BMO Capital Markets increased their price objective on AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Barclays raised their price objective on shares of AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Finally, Truist Financial boosted their target price on shares of AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $122.73.

AGCO Stock Up 2.1%

Shares of AGCO stock opened at $136.59 on Friday. AGCO Corporation has a 12-month low of $73.79 and a 12-month high of $143.78. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $119.12 and a two-hundred day moving average price of $111.89. The stock has a market capitalization of $9.89 billion, a P/E ratio of 14.01, a PEG ratio of 0.97 and a beta of 1.19.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.32. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. AGCO’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.97 earnings per share. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Equities analysts expect that AGCO Corporation will post 4.2 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, February 13th. AGCO’s dividend payout ratio is 11.90%.

AGCO Company 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.