AGCO Corporation $AGCO Stock Holdings Lowered by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of AGCO Corporation (NYSE:AGCO) by 17.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 111,784 shares of the industrial products company’s stock after selling 22,940 shares during the period. Legal & General Group Plc’s holdings in AGCO were worth $11,661,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. grew its position in AGCO by 520.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company’s stock valued at $3,833,000 after buying an additional 30,030 shares in the last quarter. WINTON GROUP Ltd bought a new position in AGCO in the 3rd quarter valued at about $4,873,000. SG Americas Securities LLC grew its position in AGCO by 2,167.4% in the 4th quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock valued at $16,410,000 after buying an additional 150,371 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in AGCO in the 3rd quarter valued at about $821,000. Finally, Fox Run Management L.L.C. bought a new position in AGCO in the 3rd quarter valued at about $844,000. Institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO opened at $119.94 on Thursday. AGCO Corporation has a one year low of $98.60 and a one year high of $143.78. The company has a 50-day moving average of $116.48 and a two-hundred day moving average of $115.99. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.44 by $0.50. AGCO had a net margin of 7.43% and a return on equity of 9.99%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue for the quarter 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, equities research analysts expect that AGCO Corporation will post 5.97 earnings per share for the current year.

AGCO Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $0.30 dividend. The ex-dividend date 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 1.0%. AGCO’s dividend payout ratio is 11.57%.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of AGCO from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Barclays increased their target price 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 shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Oppenheimer set a $134.00 target price on shares of AGCO in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of AGCO from $123.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.50.

Insider Activity at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were 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. This trade represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.