AGCO (NYSE:AGCO) Raised to Hold at Zacks Research

Key Points

• Zacks Research upgraded AGCO from “strong sell” to “hold,” while the broader analyst consensus remains “Hold,” with an average price target of $123.08.
• AGCO’s latest quarterly results fell slightly short of expectations, reporting $1.43 in EPS versus $1.46 expected and revenue of $2.61 billion versus a $2.75 billion estimate; revenue declined 1% year over year.
• Insiders sold nearly 497,622 shares worth $57.5 million over the past 90 days, while institutional investors continue to hold a substantial 78.8% of the company’s stock.

AGCO (NYSE:AGCO - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday, Zacks reports.

Other analysts also recently issued research reports about the company. Oppenheimer lowered their target price on AGCO from $134.00 to $127.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. DA Davidson set a $151.00 price target on AGCO in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on AGCO from $143.00 to $130.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company cut their price objective on AGCO from $132.00 to $117.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Finally, Morgan Stanley decreased their target price on shares of AGCO from $110.00 to $99.00 and set an "underweight" rating for the company in a research note on Tuesday, August 4th. 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 currently has an average rating of "Hold" and an average price target of $123.08.

AGCO Price Performance

Shares of AGCO opened at $116.41 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. AGCO has a twelve month low of $98.22 and a twelve month high of $143.78. The stock has a market capitalization of $8.15 billion, a P/E ratio of 16.10, a P/E/G ratio of 0.88 and a beta of 1.08. The company has a 50 day moving average of $113.70 and a 200-day moving average of $115.10.

AGCO (NYSE:AGCO - Get Free Report) last announced its 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). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities research analysts forecast that AGCO will post 5.55 EPS for the current fiscal year.

Insider Transactions at AGCO

In related news, SVP Kelvin Bennett sold 1,000 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $132.89, for a total transaction of $132,890.00. Following the transaction, the senior vice president directly owned 14,047 shares of the company's stock, valued at approximately $1,866,705.83. The trade was a 6.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric P. Hansotia sold 2,604 shares of the stock in a transaction 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 sale, the chief executive officer owned 326,939 shares in the company, valued at approximately $42,420,335.25. This trade represents a 0.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 497,622 shares of company stock valued at $57,461,807. Company insiders own 0.62% of the company's stock.

Institutional Trading of AGCO

A number of hedge funds have recently modified their holdings of AGCO. The Manufacturers Life Insurance Company grew its stake in shares of AGCO by 27.0% in the first quarter. The Manufacturers Life Insurance Company now owns 126,234 shares of the industrial products company's stock valued at $14,626,000 after acquiring an additional 26,862 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in AGCO during the second quarter worth approximately $1,239,000. Corient Private Wealth LP increased its stake in AGCO by 21.5% during the 2nd quarter. Corient Private Wealth LP now owns 99,102 shares of the industrial products company's stock worth $11,863,000 after acquiring an additional 17,562 shares during the period. Bank of America Corp DE increased its stake in AGCO by 19.4% during the 1st quarter. Bank of America Corp DE now owns 543,955 shares of the industrial products company's stock worth $63,028,000 after acquiring an additional 88,571 shares during the period. Finally, BlackRock Inc. acquired a new position in AGCO in the 2nd quarter valued at $701,908,000. Institutional investors and hedge funds own 78.80% of the company's stock.

About AGCO

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.

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