22,686 AGCO Corporation $AGCO Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. trimmed its holdings in shares of AGCO Corporation (NYSE:AGCO) by 22.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 78,456 shares of the industrial products company’s stock after selling 22,686 shares during the period. Ninety One North America Inc.’s holdings in AGCO were worth $8,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AGCO. GAMMA Investing LLC grew its stake in shares of AGCO by 5.0% in the second quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 94 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in AGCO by 36.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 521 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 138 shares during the last quarter. Cetera Investment Advisers raised its position in AGCO by 1.2% during the 1st quarter. Cetera Investment Advisers now owns 13,000 shares of the industrial products company’s stock worth $1,506,000 after purchasing an additional 155 shares during the last quarter. Fortitude Family Office LLC raised its position in AGCO by 234.8% during the 3rd quarter. Fortitude Family Office LLC now owns 231 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 162 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in AGCO by 4.1% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 4,313 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 168 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Trading Down 1.0%

NYSE AGCO traded down $1.04 during mid-day trading on Thursday, reaching $105.74. 184,740 shares of the stock were exchanged, compared to its average volume of 844,498. The stock has a market cap of $7.41 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 0.58. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78. The stock has a 50 day simple moving average of $113.69 and a 200-day simple moving average of $114.79.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the company posted $1.35 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, analysts anticipate that AGCO Corporation will post 5.55 EPS for the current year.

Insider Buying and Selling

In other AGCO news, SVP Ivory Harris sold 1,600 shares of AGCO stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total value of $200,480.00. Following the completion of the sale, the senior vice president directly owned 14,454 shares in the company, valued at approximately $1,811,086.20. The trade was a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric P. Hansotia sold 2,604 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $129.75, for a total value of $337,869.00. Following the completion of the transaction, the chief executive officer directly owned 326,939 shares in the company, valued at approximately $42,420,335.25. This trade represents a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 497,622 shares of company stock worth $57,461,807 over the last three months. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. DA Davidson reiterated a “buy” rating and issued a $151.00 price target on shares of AGCO in a research report on Thursday, October 8th. UBS Group lowered their price objective on AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Sanford C. Bernstein restated a “market perform” rating and set a $108.00 price objective on shares of AGCO in a research report on Friday, July 31st. Weiss Ratings raised AGCO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company reduced their target price on AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.92.

AGCO Company Profile

AGCO Corporation (NYSE: AGCO) is a global manufacturer and distributor of agricultural equipment and related solutions. The company serves farmers, agricultural contractors and dealers through a portfolio that includes tractors, combines, harvesting equipment, seeding and planting machinery, hay and forage equipment, crop protection products, replacement parts and precision-agriculture technologies.

AGCO’s principal brands include Fendt, Massey Ferguson, Valtra, Gleaner and PTx. Its precision-agriculture offerings are designed to help producers improve field productivity, equipment utilization and resource management through technologies such as guidance, connectivity, automation and data-based farm management.

Founded in 1990 through the acquisition of Deutz-Allis, AGCO expanded its international presence through subsequent acquisitions, including Massey Ferguson and Fendt.