Mitsubishi UFJ Asset Management Co. Ltd. Sells 94,464 Shares of AGCO Corporation $AGCO

Key Points

• Mitsubishi UFJ Asset Management cut its AGCO stake by 99.7%, selling 94,464 shares in Q3 and leaving just 289 shares worth about $31,000.
• AGCO topped expectations for the quarter with $2.17 EPS vs. $1.85 est. and revenue of $2.92B (vs. $2.67B), and set FY2026 guidance of $5.50–$6.00 EPS.
• Institutional ownership is high at 78.8% with major increases from MFS and JPMorgan and new stakes from Norges Bank and Ninety One, yet the stock was trading down ~5.2% at $127.39 and the analyst consensus is a "Hold" (average target $122.73).

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 99.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 289 shares of the industrial products company's stock after selling 94,464 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in AGCO were worth $31,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in AGCO by 32.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,840,125 shares of the industrial products company's stock valued at $304,092,000 after purchasing an additional 700,558 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of AGCO by 78.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company's stock valued at $201,755,000 after buying an additional 861,377 shares in the last quarter. Norges Bank purchased a new stake in shares of AGCO during the 2nd quarter valued at about $78,651,000. Ninety One UK Ltd bought a new position in shares of AGCO in the 3rd quarter valued at about $69,996,000. Finally, Bank of America Corp DE grew its position in AGCO by 0.6% in the second quarter. Bank of America Corp DE now owns 567,616 shares of the industrial products company's stock worth $58,555,000 after acquiring an additional 3,158 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

AGCO Trading Down 5.2%

AGCO stock opened at $127.39 on Friday. AGCO Corporation has a 12 month low of $73.79 and a 12 month high of $143.78. The firm's 50-day moving average is $121.32 and its 200 day moving average is $112.45. The company has a market capitalization of $9.22 billion, a PE ratio of 13.07, a P/E/G ratio of 0.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm earned $1.97 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts anticipate that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. AGCO's dividend payout ratio is 11.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AGCO shares. UBS Group restated a "neutral" rating and set a $127.00 price objective on shares of AGCO in a research report on Friday, February 6th. Oppenheimer increased their price target on AGCO from $128.00 to $132.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Robert W. Baird set a $128.00 price objective on shares of AGCO in a research note on Friday, February 6th. BMO Capital Markets boosted their price objective on shares of AGCO from $110.00 to $115.00 and gave the company a "market perform" rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of AGCO from $123.00 to $138.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $122.73.

Insider Transactions at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total transaction of $315,192.00. Following the transaction, the senior vice president owned 16,844 shares of the company's stock, valued at approximately $2,308,301.76. This trade represents a 12.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.60% of the stock is currently owned by insiders.

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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