Callan Family Office LLC Purchases Shares of 5,432 AGCO Corporation $AGCO

Callan Family Office LLC purchased a new stake in AGCO Corporation (NYSE:AGCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,432 shares of the industrial products company’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently modified their holdings of AGCO. Citizens National Bank Trust Department lifted its holdings in shares of AGCO by 400.0% in the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of AGCO in the first quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its position 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 valued at $34,000 after buying an additional 190 shares during the last quarter. Quarry LP acquired a new position in shares of AGCO in the first quarter valued at approximately $37,000. Finally, Brooklyn Investment Group raised its position in shares of AGCO by 98.7% in the first quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company’s stock valued at $55,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of AGCO in a research report on Wednesday, October 8th. Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial cut their price objective on shares of AGCO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Oppenheimer cut their price objective on shares of AGCO from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus price target of $116.38.

AGCO Price Performance

AGCO stock opened at $107.36 on Wednesday. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16. The firm has a fifty day moving average of $109.93 and a 200-day moving average of $102.82. The firm has a market capitalization of $8.01 billion, a P/E ratio of 80.12, a PEG ratio of 1.66 and a beta of 1.23. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.29. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. The business’s quarterly revenue was down 18.8% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. As a group, analysts predict that AGCO Corporation will post 4.2 EPS for the current year.

AGCO announced that its board has initiated a stock repurchase program on Wednesday, July 9th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 12.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the sale, the senior vice president owned 16,189 shares of the company’s stock, valued at $1,771,076.60. This represents a 38.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the stock is owned by insiders.

AGCO Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.