Thrivent Financial for Lutherans Reduces Position in AGCO Corporation $AGCO

Thrivent Financial for Lutherans decreased its stake in shares of AGCO Corporation (NYSE:AGCO) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,010 shares of the industrial products company’s stock after selling 8,872 shares during the period. Thrivent Financial for Lutherans’ holdings in AGCO were worth $7,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGCO. Capital World Investors lifted its stake in shares of AGCO by 1,206.8% during the third quarter. Capital World Investors now owns 587,608 shares of the industrial products company’s stock worth $62,915,000 after purchasing an additional 542,642 shares in the last quarter. Invesco Ltd. lifted its stake in shares of AGCO by 20.6% during the third quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after purchasing an additional 356,560 shares in the last quarter. Davis Selected Advisers lifted its stake in shares of AGCO by 13.0% during the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after purchasing an additional 235,913 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of AGCO by 2,167.4% during the fourth quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock worth $16,410,000 after purchasing an additional 150,371 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in shares of AGCO by 69.1% during the second quarter. Squarepoint Ops LLC now owns 353,800 shares of the industrial products company’s stock worth $36,498,000 after purchasing an additional 144,625 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

AGCO Stock Up 3.0%

Shares of AGCO stock opened at $114.82 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.31 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.75 and a beta of 1.12. AGCO Corporation has a fifty-two week low of $95.96 and a fifty-two week high of $143.78. The business has a 50-day moving average price of $116.86 and a 200 day moving average price of $115.39.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company earned $0.41 earnings per share. AGCO’s quarterly revenue was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, sell-side analysts forecast that AGCO Corporation will post 5.98 earnings per share for the current fiscal year.

AGCO Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, May 15th. This is an increase from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. AGCO’s payout ratio is presently 11.57%.

Insider Buying and Selling

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of AGCO stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the transaction, the insider directly owned 3,149,820 shares in the company, valued at $388,309,809.60. The trade was a 11.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGCO. UBS Group restated a “neutral” rating and set a $123.00 price objective on shares of AGCO in a research note on Sunday, May 10th. Citigroup boosted their price objective on AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings upgraded AGCO from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Morgan Stanley restated an “underweight” rating and set a $108.00 price objective on shares of AGCO in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $124.73.

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.