Amundi Buys 4,025 Shares of AGCO Corporation $AGCO

Amundi lifted its position in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,923 shares of the industrial products company's stock after purchasing an additional 4,025 shares during the period. Amundi owned 0.29% of AGCO worth $19,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AGCO. Citizens National Bank Trust Department increased its stake in shares of AGCO by 400.0% during the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock worth $28,000 after purchasing an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of AGCO during the first quarter worth approximately $32,000. Quarry LP bought a new position in shares of AGCO during the first quarter worth approximately $37,000. Brooklyn Investment Group increased its stake in shares of AGCO by 98.7% during the first quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company's stock worth $55,000 after purchasing an additional 293 shares during the period. Finally, Abound Wealth Management bought a new position in shares of AGCO during the first quarter worth approximately $56,000. Institutional investors own 78.80% of the company's stock.

Insider Activity

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the transaction, the senior vice president directly owned 16,189 shares of the company's stock, valued at approximately $1,771,076.60. This represents a 38.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is owned by corporate insiders.

AGCO Price Performance

AGCO stock traded up $1.73 during midday trading on Thursday, reaching $109.15. 1,160,508 shares of the stock were exchanged, compared to its average volume of 863,368. The stock has a market capitalization of $8.14 billion, a PE ratio of 81.46, a P/E/G ratio of 1.70 and a beta of 1.20. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $121.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.67. The company has a fifty day moving average price of $110.77 and a 200 day moving average price of $100.65.

AGCO (NYSE:AGCO - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The business's quarterly revenue was down 18.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 EPS. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. As a group, analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO declared that its board has authorized a share repurchase program on Wednesday, July 9th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 12.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

AGCO Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. AGCO's payout ratio is currently 86.57%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. The Goldman Sachs Group raised their price objective on AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 27th. Wall Street Zen upgraded AGCO from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. decreased their price target on AGCO from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 2nd. UBS Group reiterated a "neutral" rating and issued a $119.00 price target (up previously from $100.00) on shares of AGCO in a research note on Friday, August 8th. Finally, Oppenheimer lifted their price target on AGCO from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, AGCO presently has a consensus rating of "Hold" and a consensus target price of $109.38.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.