AGCO Corporation $AGCO Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC reduced its position in AGCO Corporation (NYSE:AGCO) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,192 shares of the industrial products company’s stock after selling 40,510 shares during the quarter. Lord Abbett & CO. LLC’s holdings in AGCO were worth $83,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AGCO. Signaturefd LLC lifted its stake in AGCO by 30.1% during the fourth quarter. Signaturefd LLC now owns 506 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 117 shares during the last quarter. Choreo LLC lifted its stake in AGCO by 2.0% during the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock worth $684,000 after purchasing an additional 128 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in AGCO by 6.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 137 shares during the last quarter. Union Bancaire Privee UBP SA lifted its stake in AGCO by 1.7% during the fourth quarter. Union Bancaire Privee UBP SA now owns 8,694 shares of the industrial products company’s stock worth $907,000 after purchasing an additional 146 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in AGCO by 29.7% during the first quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Analyst Ratings Changes

AGCO has been the subject of several recent analyst reports. Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. UBS Group restated a “neutral” rating and set a $123.00 target price on shares of AGCO in a research note on Sunday, May 10th. Finally, Morgan Stanley restated an “underweight” rating and set a $108.00 target price on shares of AGCO in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $126.50.

AGCO Price Performance

Shares of NYSE AGCO opened at $112.48 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. AGCO Corporation has a twelve month low of $98.60 and a twelve month high of $143.78. The stock has a 50 day moving average of $116.25 and a two-hundred day moving average of $116.45. The stock has a market cap of $8.14 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.75 and a beta of 1.08.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, 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. Stockholders of record on Friday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend 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 dividend yield of 1.1%. AGCO’s dividend payout ratio is presently 11.57%.

Insider Activity

In other news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the business’s 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 transaction, the insider owned 3,149,820 shares of the company’s stock, valued at approximately $388,309,809.60. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

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.