UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in AGCO Corporation (NYSE:AGCO - Free Report) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,351,032 shares of the industrial products company's stock after selling 165,457 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.93% of AGCO worth $161,719,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lombard Odier Asset Management Europe Ltd purchased a new position in AGCO during the 2nd quarter worth approximately $230,000. Empowered Funds LLC acquired a new stake in shares of AGCO in the second quarter worth $1,035,000. United Capital Financial Advisors LLC acquired a new stake in shares of AGCO in the second quarter worth $288,000. Public Employees Retirement System of Ohio purchased a new position in shares of AGCO during the second quarter worth $2,216,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of AGCO during the second quarter worth $1,589,000. Institutional investors and hedge funds own 78.80% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have commented on AGCO shares. Robert W. Baird raised shares of AGCO from a "neutral" rating to an "outperform" rating and upped their price target for the company from $120.00 to $150.00 in a report on Monday. Wells Fargo & Company reduced their price objective on AGCO from $132.00 to $117.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. DA Davidson set a $151.00 price objective on AGCO in a report on Friday, July 31st. Morgan Stanley lowered their target price on AGCO from $110.00 to $99.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 4th. Finally, Wall Street Zen lowered AGCO from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $122.17.
Check Out Our Latest Research Report on AGCO
AGCO Stock Performance
AGCO opened at $122.14 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 0.98 and a beta of 1.08. AGCO Corporation has a 52-week low of $98.22 and a 52-week high of $143.78. The firm's fifty day simple moving average is $111.37 and its two-hundred day simple moving average is $116.70.
AGCO (NYSE:AGCO - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). AGCO had a return on equity of 10.09% and a net margin of 5.15%.The company had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same period in the prior year, the firm earned $1.35 EPS. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities analysts anticipate that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.
AGCO Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO's payout ratio is 16.60%.
Insider Buying and Selling
In other news, 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 stock was sold at an average price of $115.33, for a total value of $56,790,567.94. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lange Bob De purchased 1,000 shares of the stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost of $100.71 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director directly owned 18,717 shares of the company's stock, valued at approximately $1,884,989.07. The trade was a 5.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.62% of the stock is owned by corporate insiders.
About AGCO
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Free Report)
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.
See Also
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