Jupiter Topco LLC Invests $3.04 Million in AGCO Corporation $AGCO

Key Points

• Jupiter Topco acquired a new $3.04 million stake in AGCO during the second quarter, purchasing 25,380 shares. Institutional investors collectively own 78.8% of the company.
• Analyst sentiment is mixed, with AGCO carrying a consensus “Hold” rating and a $122.17 average price target; several firms recently lowered their targets.
• AGCO reported quarterly EPS of $1.43, slightly below estimates, while revenue fell 1% year over year to $2.61 billion. The company declared a quarterly dividend of $0.30 per share, representing a 0.9% annualized yield.

Jupiter Topco LLC acquired a new stake in AGCO Corporation (NYSE:AGCO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,380 shares of the industrial products company's stock, valued at approximately $3,040,000.

Several other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company's stock worth $29,000 after buying an additional 257 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of AGCO in the second quarter worth $29,000. Advisory Services Network LLC acquired a new position in shares of AGCO in the third quarter worth $33,000. Geneos Wealth Management Inc. increased its position in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company's stock worth $34,000 after acquiring an additional 190 shares during the period. Finally, Elevation Wealth Partners LLC increased its position in shares of AGCO by 400.0% during the second quarter. Elevation Wealth Partners LLC now owns 290 shares of the industrial products company's stock worth $35,000 after acquiring an additional 232 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on AGCO from $132.00 to $117.00 and set an "equal weight" rating on the stock in a research note on Friday, July 31st. Weiss Ratings cut AGCO from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 31st. DA Davidson set a $151.00 price target on AGCO in a report on Friday, July 31st. Wall Street Zen lowered AGCO from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Truist Financial reiterated a "buy" rating and issued a $135.00 price objective (down from $159.00) on shares of AGCO in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, AGCO currently has a consensus rating of "Hold" and a consensus price target of $122.17.

Insider Transactions at AGCO

In other AGCO news, Director Lange Bob De bought 1,000 shares of the business's stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $100.71 per share, with a total value of $100,710.00. Following the transaction, the director 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. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the business'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 sale, the insider owned 3,017,565 shares of the company's stock, valued at approximately $348,015,771.45. The trade was a 14.03% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is owned by insiders.

AGCO Trading Up 3.4%

Shares of NYSE:AGCO opened at $126.46 on Thursday. AGCO Corporation has a 52 week low of $98.22 and a 52 week high of $143.78. The company's 50 day moving average is $111.61 and its two-hundred day moving average is $116.61. The company has a market cap of $8.86 billion, a PE ratio of 17.49, a P/E/G ratio of 1.02 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.43 earnings per share (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 analysts' expectations of $2.75 billion. AGCO had a return on equity of 10.09% and a net margin of 5.15%.AGCO's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Equities analysts predict that AGCO Corporation will post 5.54 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. AGCO's payout ratio is 16.60%.

AGCO Company Profile

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.

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