Charles Schwab Investment Management Inc. Has $45.16 Million Stock Position in AGCO Corporation $AGCO

Charles Schwab Investment Management Inc. boosted its position in AGCO Corporation (NYSE:AGCO - Free Report) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 487,815 shares of the industrial products company's stock after buying an additional 18,146 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.65% of AGCO worth $45,157,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new stake in AGCO in the 1st quarter valued at approximately $602,000. US Bancorp DE boosted its holdings in shares of AGCO by 17.7% in the 1st quarter. US Bancorp DE now owns 2,186 shares of the industrial products company's stock valued at $202,000 after buying an additional 328 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of AGCO by 1.7% in the 1st quarter. Natixis Advisors LLC now owns 40,825 shares of the industrial products company's stock valued at $3,779,000 after buying an additional 698 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of AGCO in the 1st quarter valued at approximately $310,000. Finally, LPL Financial LLC boosted its holdings in shares of AGCO by 28.4% in the 1st quarter. LPL Financial LLC now owns 27,999 shares of the industrial products company's stock valued at $2,406,000 after buying an additional 6,187 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company's stock.

Insider Activity at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president owned 16,189 shares of the company's stock, valued at approximately $1,771,076.60. The trade was a 38.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.90% of the company's stock.

AGCO Stock Performance

AGCO traded down $0.7690 during trading on Wednesday, hitting $112.8210. The stock had a trading volume of 516,053 shares, compared to its average volume of 876,424. The company has a 50 day moving average price of $108.24 and a 200-day moving average price of $99.40. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 84.20, a P/E/G ratio of 1.78 and a beta of 1.21. AGCO Corporation has a one year low of $73.79 and a one year 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.

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

AGCO announced that its Board of Directors has approved a stock repurchase plan on Wednesday, July 9th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 12.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.16 annualized dividend and a yield of 1.0%. AGCO's payout ratio is currently 86.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AGCO shares. The Goldman Sachs Group increased their price objective on AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a report on Tuesday, May 27th. Zacks Research upgraded AGCO from a "hold" rating to a "strong-buy" rating in a research note on Monday. Oppenheimer lifted their target price on AGCO from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded AGCO from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on AGCO from $130.00 to $137.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $109.63.

AGCO Profile

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.