Los Angeles Capital Management LLC Has $1.75 Million Stock Holdings in AGCO Corporation $AGCO

Los Angeles Capital Management LLC trimmed its position in shares of AGCO Corporation (NYSE:AGCO) by 60.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,479 shares of the industrial products company’s stock after selling 24,820 shares during the period. Los Angeles Capital Management LLC’s holdings in AGCO were worth $1,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AGCO. Jupiter Asset Management Ltd. raised its position in shares of AGCO by 520.4% during the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock worth $3,833,000 after acquiring an additional 30,030 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of AGCO during the third quarter worth about $4,873,000. SG Americas Securities LLC raised its position 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 acquiring an additional 150,371 shares during the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of AGCO during the third quarter worth about $821,000. Finally, Fox Run Management L.L.C. bought a new position in shares of AGCO during the third quarter worth about $844,000. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Down 3.4%

Shares of AGCO stock opened at $109.25 on Thursday. The company has a market cap of $7.91 billion, a P/E ratio of 10.54, a PEG ratio of 0.76 and a beta of 1.08. AGCO Corporation has a fifty-two week low of $98.60 and a fifty-two week high of $143.78. The stock has a 50 day simple moving average of $116.45 and a two-hundred day simple moving average of $116.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.44 by $0.50. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Research analysts forecast that AGCO Corporation will post 5.99 earnings per share for the current year.

AGCO Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. AGCO’s payout ratio is presently 11.57%.

Insider Activity

In related 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 transaction of $52,096,895.20. Following the transaction, the insider owned 3,149,820 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AGCO shares. Oppenheimer set a $134.00 price objective on AGCO in a research report on Wednesday, May 6th. Morgan Stanley reiterated an “underweight” rating and issued a $108.00 target price on shares of AGCO in a report on Thursday, May 14th. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, UBS Group reiterated a “neutral” rating and issued a $123.00 target price on shares of AGCO in a report on Sunday, May 10th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AGCO has a consensus rating of “Hold” and a consensus price target of $126.50.

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.