24,287 Shares in AGCO Corporation $AGCO Bought by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC acquired 24,287 shares of AGCO Corporation, valuing the new stake at approximately $2.7 million.
• AGCO recently reported a quarterly earnings increase, with an EPS of $1.35 surpassing analysts' expectations, but overall revenue fell by 18.8% year-over-year.
• The company's Board of Directors has initiated a $1 billion share buyback plan, indicating a belief that AGCO's shares are undervalued.

Kingstone Capital Partners Texas LLC acquired a new stake in AGCO Corporation (NYSE:AGCO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,287 shares of the industrial products company's stock, valued at approximately $2,699,000.

Several other large investors also recently bought and sold shares of AGCO. Wealth Enhancement Advisory Services LLC increased its holdings in AGCO by 9.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,789 shares of the industrial products company's stock worth $635,000 after purchasing an additional 497 shares during the period. Baader Bank Aktiengesellschaft grew its holdings in shares of AGCO by 3.1% during the second quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company's stock worth $390,000 after buying an additional 113 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in shares of AGCO by 5.5% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 31,574 shares of the industrial products company's stock worth $3,257,000 after buying an additional 1,640 shares during the period. Voya Investment Management LLC raised its holdings in AGCO by 4.2% in the first quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company's stock valued at $829,000 after acquiring an additional 364 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in AGCO by 64.0% in the first quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company's stock worth $653,000 after acquiring an additional 2,752 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $109.40, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.90% of the company's stock.

AGCO Stock Performance

Shares of AGCO stock traded down $0.19 during trading on Monday, hitting $109.47. The company's stock had a trading volume of 712,686 shares, compared to its average volume of 744,233. The business has a fifty day moving average of $110.71 and a 200-day moving average of $101.51. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $121.16. The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. The company has a market cap of $8.17 billion, a PE ratio of 81.69, a P/E/G ratio of 1.75 and a beta of 1.20.

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

AGCO announced that its Board of Directors has authorized a stock repurchase program 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 purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

AGCO Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AGCO. Zacks Research raised shares of AGCO from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on AGCO from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, September 2nd. Oppenheimer lowered their price target on AGCO from $124.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday. Citigroup reaffirmed a "neutral" rating and set a $110.00 target price on shares of AGCO in a research report on Friday, May 30th. Finally, Wall Street Zen raised AGCO from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.38.

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.