AGCO (NYSE:AGCO) Sets New 12-Month Low - Should You Sell?

Key Points

• AGCO shares hit a new 52-week low, trading as low as $98.22 and below both their 50-day and 200-day moving averages.
• Analyst sentiment is cautious: the stock has an average “Hold” rating and a $120.33 price target, although several firms recently lowered their targets.
• AGCO slightly missed quarterly earnings and revenue expectations, while sales declined 1% year over year. The company maintains a $0.30 quarterly dividend, yielding approximately 1.2%.

AGCO Corporation (NYSE:AGCO - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $98.22 and last traded at $99.5720, with a volume of 1153378 shares trading hands. The stock had previously closed at $98.45.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Oppenheimer decreased their price target on shares of AGCO from $134.00 to $127.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Sanford C. Bernstein restated a "market perform" rating and issued a $108.00 price objective on shares of AGCO in a research note on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of AGCO from $143.00 to $130.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Wall Street Zen lowered shares of AGCO from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, UBS Group lowered their target price on shares of AGCO from $123.00 to $114.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $120.33.

AGCO Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The firm has a market cap of $6.97 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.81 and a beta of 1.08. The company has a 50-day moving average of $111.50 and a 200 day moving average of $117.57.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share 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 company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company earned $1.35 earnings per share. The business's 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, sell-side analysts anticipate that AGCO Corporation will post 5.58 EPS for the current year.

AGCO Dividend Announcement

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

Insider Activity

In related news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the sale, the insider owned 3,017,565 shares in the company, valued at $348,015,771.45. This trade represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lange Bob De bought 1,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $100.71 per share, with a total value of $100,710.00. Following the transaction, the director directly owned 18,717 shares in the company, valued at $1,884,989.07. This represents a 5.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of AGCO

Hedge funds have recently modified their holdings of the company. Lombard Odier Asset Management Europe Ltd bought a new position in shares of AGCO in the second quarter valued at approximately $230,000. Empowered Funds LLC bought a new stake in AGCO during the 2nd quarter worth approximately $1,035,000. United Capital Financial Advisors LLC bought a new stake in AGCO during the 2nd quarter worth approximately $288,000. Public Employees Retirement System of Ohio acquired a new stake in AGCO during the 2nd quarter valued at $2,216,000. Finally, Capstone Investment Advisors LLC acquired a new stake in AGCO during the 2nd quarter valued at $1,589,000. Institutional investors and hedge funds own 78.80% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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