13,274 Shares in AGCO Corporation $AGCO Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new position in shares of AGCO Corporation (NYSE:AGCO) in the 2nd quarter, Holdings Channel reports. The firm purchased 13,274 shares of the industrial products company’s stock, valued at approximately $1,589,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AGCO. The Manufacturers Life Insurance Company raised its stake in shares of AGCO by 27.0% during the first quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company’s stock valued at $14,626,000 after acquiring an additional 26,862 shares during the last quarter. Bank of America Corp DE increased its position in shares of AGCO by 19.4% during the first quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company’s stock worth $63,028,000 after buying an additional 88,571 shares during the period. Entropy Technologies LP acquired a new stake in shares of AGCO during the first quarter worth $1,469,000. BlackRock Inc. bought a new position in shares of AGCO in the 2nd quarter worth about $701,908,000. Finally, Weiss Asset Management LP acquired a new position in AGCO in the first quarter valued at approximately $1,659,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AGCO. Wells Fargo & Company cut their target price on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Oppenheimer decreased their target price on shares of AGCO from $134.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Zacks Research cut shares of AGCO from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Finally, Wall Street Zen cut AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $120.33.

AGCO Trading Down 0.7%

NYSE:AGCO opened at $110.81 on Friday. AGCO Corporation has a 1 year low of $98.22 and a 1 year high of $143.78. The stock’s fifty day moving average price is $111.07 and its two-hundred day moving average price is $117.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. The company has a market cap of $7.76 billion, a P/E ratio of 15.33, a P/E/G ratio of 0.93 and a beta of 1.08.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.75 billion. AGCO had a net margin of 5.15% and a return on equity of 10.09%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, analysts expect that AGCO Corporation will post 5.54 EPS for the current year.

AGCO Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 yield of 1.1%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is presently 16.60%.

Insider Activity

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the transaction, the insider directly owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lange Bob De acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director directly owned 18,717 shares in the company, valued at $1,884,989.07. The trade was a 5.64% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.62% of the stock is currently owned by insiders.

About AGCO

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.