10,590 AGCO Corporation $AGCO Shares Bought by Shayne & Jacobs LLC

Key Points

• Shayne & Jacobs LLC increased its AGCO stake by 48.5% in the third quarter, purchasing 10,590 additional shares. The fund now owns 32,430 shares valued at approximately $3.7 million.
• AGCO reported quarterly EPS of $1.43, slightly below the $1.46 consensus estimate, while revenue of $2.61 billion also missed expectations and declined 1% year over year.
• Analysts maintain a mixed outlook, with a consensus “Hold” rating and an average price target of $123.25. Meanwhile, company insiders sold nearly $57.5 million of stock in the latest quarter.

Shayne & Jacobs LLC grew its position in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 48.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,430 shares of the industrial products company's stock after buying an additional 10,590 shares during the period. AGCO comprises 1.1% of Shayne & Jacobs LLC's portfolio, making the stock its 17th largest position. Shayne & Jacobs LLC's holdings in AGCO were worth $3,704,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AGCO. BlackRock Inc. acquired a new position in AGCO in the second quarter worth $701,908,000. Bank of New York Mellon Corp acquired a new stake in shares of AGCO during the second quarter worth $64,273,000. Bank of America Corp DE acquired a new stake in shares of AGCO during the second quarter worth $62,281,000. Arrowstreet Capital Limited Partnership bought a new position in shares of AGCO in the 1st quarter worth about $19,577,000. Finally, Deutsche Bank AG bought a new position in shares of AGCO in the 2nd quarter worth about $17,653,000. Institutional investors and hedge funds own 78.80% of the company's stock.

AGCO Stock Performance

AGCO stock opened at $105.44 on Thursday. AGCO Corporation has a 1 year low of $98.22 and a 1 year high of $143.78. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.79 and a beta of 1.08. 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 stock's fifty day moving average is $113.97 and its two-hundred day moving average is $114.42.

AGCO (NYSE:AGCO - Get Free Report) last released 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 firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%. The firm's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 EPS. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. On average, research analysts predict that AGCO Corporation will post 5.55 EPS for the current year.

Insider Transactions at AGCO

In related news, CEO Eric P. Hansotia sold 2,604 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was 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 of the company's stock, valued at $42,420,335.25. This represents a 0.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the completion of the sale, the insider owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 497,622 shares of company stock worth $57,461,807 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AGCO has been the subject of several research reports. DA Davidson reaffirmed a "buy" rating and issued a $151.00 price target on shares of AGCO in a report on Thursday, October 8th. Wells Fargo & Company lowered 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 report on Friday, July 31st. Wall Street Zen lowered shares of AGCO from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research upgraded shares of AGCO from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $108.00 target price on shares of AGCO in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, AGCO currently has a consensus rating of "Hold" and a consensus target price of $123.25.

About AGCO

AGCO Corporation NYSE: AGCO is a global manufacturer and distributor of agricultural equipment, technologies and related services. The company serves farmers, agricultural contractors and equipment dealers with products designed for planting, harvesting, crop protection, hay and forage production, and grain handling.

AGCO's product portfolio includes tractors, combines, planters, seeding equipment, sprayers, hay and forage machinery, grain storage and handling systems, replacement parts, and precision agriculture solutions.

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