Wedge Capital Management L L P NC Purchases 17,846 Shares of AGCO Corporation $AGCO

Wedge Capital Management L L P NC boosted its position in shares of AGCO Corporation (NYSE:AGCO) by 19.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,374 shares of the industrial products company’s stock after buying an additional 17,846 shares during the period. Wedge Capital Management L L P NC owned approximately 0.15% of AGCO worth $13,331,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AGCO. GAMMA Investing LLC lifted its holdings in shares of AGCO by 5.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 94 shares during the period. UMB Bank n.a. increased its stake in AGCO by 16.8% in the fourth quarter. UMB Bank n.a. now owns 759 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 109 shares during the last quarter. Choreo LLC increased its stake in AGCO by 2.0% in the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company’s stock valued at $684,000 after acquiring an additional 128 shares during the last quarter. Gateway Investment Advisers LLC raised its position 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 valued at $247,000 after purchasing an additional 137 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in AGCO by 36.0% during the first quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 138 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

Insider Transactions at AGCO

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the transaction, the insider directly owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. This trade 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 can be accessed through this link. 0.62% of the stock is currently owned by insiders.

AGCO Stock Performance

Shares of AGCO stock opened at $101.47 on Thursday. The company’s 50 day moving average price is $113.00 and its two-hundred day moving average price is $118.06. The firm has a market capitalization of $7.11 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.84 and a beta of 1.08. AGCO Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $143.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company posted $1.35 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, equities analysts forecast that AGCO Corporation will post 5.58 earnings per share for the current fiscal year.

AGCO Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. AGCO’s dividend payout ratio is presently 16.60%.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on AGCO from $134.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Citigroup lowered their price target on AGCO from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Wells Fargo & Company dropped their price objective on AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. UBS Group reduced their price objective on AGCO from $123.00 to $114.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $108.00 target price on shares of AGCO in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AGCO has a consensus rating of “Hold” and a consensus target price of $120.33.

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.