DA Davidson Reaffirms Buy Rating for AGCO (NYSE:AGCO)

AGCO (NYSE:AGCO)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $151.00 price target on the industrial products company’s stock. DA Davidson’s price objective suggests a potential upside of 44.23% from the stock’s current price.

Several other research analysts have also commented on AGCO. UBS Group reduced their price objective on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Oppenheimer reiterated an “outperform” rating on shares of AGCO in a research note on Thursday. Wall Street Zen lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company reduced their price objective on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $108.00 price objective on shares of AGCO in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $123.92.

AGCO Stock Up 1.4%

Shares of NYSE:AGCO traded up $1.41 during trading hours on Thursday, hitting $104.69. The company’s stock had a trading volume of 1,401,900 shares, compared to its average volume of 848,070. AGCO has a 52 week low of $98.22 and a 52 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. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.78 and a beta of 1.08. The firm’s fifty day moving average price is $113.61 and its 200 day moving average price is $115.01.

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

Insider Activity at AGCO

In related news, Director Lange De bought 1,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were bought at an average price of $100.71 per share, with a total value of $100,710.00. Following the transaction, the director owned 18,717 shares in the company, valued at approximately $1,884,989.07. This trade represents a 5.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ivory Harris sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $125.30, for a total transaction of $200,480.00. Following the sale, the senior vice president directly owned 14,454 shares in the company, valued at approximately $1,811,086.20. This represents a 9.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 497,622 shares of company stock worth $57,461,807 in the last 90 days. 0.62% of the stock is owned by insiders.

Institutional Trading of AGCO

Several large investors have recently bought and sold shares of AGCO. QRG Capital Management Inc. boosted its holdings in shares of AGCO by 13.6% in the 2nd quarter. QRG Capital Management Inc. now owns 2,820 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 338 shares during the last quarter. MAC Alpha Capital Management LP boosted its holdings in shares of AGCO by 8.1% in the 2nd quarter. MAC Alpha Capital Management LP now owns 30,503 shares of the industrial products company’s stock valued at $3,652,000 after acquiring an additional 2,280 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of AGCO by 7.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,080 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 215 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of AGCO by 2.4% in the 2nd quarter. Tidal Investments LLC now owns 28,035 shares of the industrial products company’s stock valued at $3,356,000 after acquiring an additional 653 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of AGCO in the 2nd quarter valued at $684,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

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.