Prescott Group Capital Management L.L.C. Takes $535,000 Position in AGCO Corporation $AGCO

Prescott Group Capital Management L.L.C. acquired a new position in shares of AGCO Corporation (NYSE:AGCO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the industrial products company’s stock, valued at approximately $535,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AGCO. JPMorgan Chase & Co. raised its stake in AGCO by 78.7% during the second quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company’s stock worth $201,755,000 after purchasing an additional 861,377 shares during the period. Norges Bank acquired a new stake in shares of AGCO during the 2nd quarter worth about $78,651,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of AGCO by 32.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company’s stock valued at $304,092,000 after buying an additional 700,558 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of AGCO during the third quarter worth about $69,996,000. Finally, Frontier Capital Management Co. LLC purchased a new position in AGCO during the 2nd quarter worth approximately $38,534,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Up 0.4%

AGCO stock opened at $138.99 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67. The company’s 50 day simple moving average is $112.44 and its 200-day simple moving average is $109.94. AGCO Corporation has a 12 month low of $73.79 and a 12 month high of $143.78. The firm has a market capitalization of $10.37 billion, a PE ratio of 14.26, a P/E/G ratio of 0.98 and a beta of 1.19.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.32. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. AGCO had a return on equity of 9.39% and a net margin of 7.21%.During the same quarter in the prior year, the company earned $1.97 EPS. AGCO’s revenue was up 1.1% on a year-over-year basis. 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 fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 annualized dividend and a yield of 0.8%. AGCO’s payout ratio is presently 11.90%.

Analysts Set New Price Targets

Several research firms have recently commented on AGCO. Truist Financial upped their price target on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird set a $128.00 price target on shares of AGCO in a research note 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. BMO Capital Markets increased their target price on AGCO from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Finally, Oppenheimer upped their price objective on AGCO from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, AGCO presently has an average rating of “Hold” and a consensus price target of $122.73.

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.