Lombard Odier Asset Management Europe Ltd Cuts Stock Holdings in AGCO Corporation $AGCO

Lombard Odier Asset Management Europe Ltd lowered its position in shares of AGCO Corporation (NYSE:AGCO) by 86.7% in the first quarter, Holdings Channel.com reports. The fund owned 4,691 shares of the industrial products company’s stock after selling 30,708 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in AGCO were worth $544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AGCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 worth $459,000 after buying an additional 1,567 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of AGCO by 29.7% in the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after buying an additional 149 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in AGCO by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock worth $19,925,000 after acquiring an additional 61,009 shares during the last quarter. Empowered Funds LLC boosted its position in AGCO by 3.1% during the first quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after acquiring an additional 176 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer cut their price objective on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a report on Friday. Citigroup lowered their target price on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday. DA Davidson set a $151.00 price target on AGCO in a research report on Friday. JPMorgan Chase & Co. cut their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, Wall Street Zen downgraded AGCO from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, AGCO presently has a consensus rating of “Hold” and a consensus target price of $122.00.

AGCO Trading Up 1.7%

Shares of AGCO opened at $103.94 on Tuesday. AGCO Corporation has a 12-month low of $99.21 and a 12-month high of $143.78. The firm has a market capitalization of $7.53 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.84 and a beta of 1.08. The firm has a 50-day moving average price of $114.74 and a 200 day moving average price of $118.53. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO) last issued its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.AGCO’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Sell-side analysts forecast that AGCO Corporation will post 5.63 EPS for the current year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s payout ratio is presently 16.60%.

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.