Level Four Advisory Services LLC Has $7.28 Million Stock Holdings in AGCO Corporation $AGCO

Key Points

• Level Four Advisory Services LLC increased its stake in AGCO Corporation by 47.1%, owning approximately 0.11% of the company valued at $7.28 million as of the latest SEC filing.
• Analysts have raised their price targets for AGCO, with Goldman Sachs setting a new target of $107, and JPMorgan upgrading their target to $137, indicating positive market expectations.
• AGCO recently announced a quarterly dividend of $0.29 per share and authorized a $1.00 billion share buyback plan, reflecting confidence in the company's valuation.

Level Four Advisory Services LLC grew its position in AGCO Corporation (NYSE:AGCO - Free Report) by 47.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,620 shares of the industrial products company's stock after purchasing an additional 25,157 shares during the period. Level Four Advisory Services LLC owned about 0.11% of AGCO worth $7,278,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AGCO. GeoWealth Management LLC acquired a new stake in shares of AGCO in the 4th quarter valued at $27,000. Citizens National Bank Trust Department boosted its stake in shares of AGCO by 400.0% in the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of AGCO in the 1st quarter valued at $32,000. Brooklyn Investment Group boosted its stake in shares of AGCO by 98.7% in the 1st quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 293 shares in the last quarter. Finally, Abound Wealth Management acquired a new stake in shares of AGCO in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 78.80% of the company's stock.

Analysts Set New Price Targets

AGCO has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of AGCO from $130.00 to $137.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group reiterated a "neutral" rating and set a $119.00 price target (up previously from $100.00) on shares of AGCO in a research report on Friday, August 8th. Zacks Research upgraded shares of AGCO from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Citigroup reiterated a "neutral" rating and set a $110.00 price target on shares of AGCO in a research report on Friday, May 30th. Finally, Oppenheimer upped their price target on shares of AGCO from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $109.63.

AGCO Trading Up 4.2%

AGCO traded up $4.6920 during trading on Friday, reaching $116.5820. 604,567 shares of the company's stock were exchanged, compared to its average volume of 953,488. The company's fifty day moving average price is $108.98 and its 200-day moving average price is $99.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $121.16. The firm has a market capitalization of $8.70 billion, a PE ratio of 87.00, a P/E/G ratio of 1.76 and a beta of 1.21.

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

AGCO Announces Dividend

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

AGCO announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 9th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $109.40, for a total value of $1,094,000.00. Following the sale, the senior vice president directly owned 16,189 shares in the company, valued at $1,771,076.60. This trade represents a 38.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 16.60% of the company's stock.

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.