Russell Investments Group Ltd. Sells 12,505 Shares of AGCO Corporation $AGCO

Russell Investments Group Ltd. lessened its position in AGCO Corporation (NYSE:AGCO - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,332 shares of the industrial products company's stock after selling 12,505 shares during the period. Russell Investments Group Ltd. owned about 0.19% of AGCO worth $12,991,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of AGCO by 3.2% in the 1st quarter. HighTower Advisors LLC now owns 8,630 shares of the industrial products company's stock valued at $799,000 after purchasing an additional 271 shares in the last quarter. CCM Investment Group LLC acquired a new position in AGCO during the 1st quarter worth about $237,000. Nuveen LLC acquired a new position in AGCO during the 1st quarter worth about $10,264,000. Virtu Financial LLC acquired a new position in AGCO during the 1st quarter worth about $1,012,000. Finally, Entropy Technologies LP acquired a new position in AGCO during the 1st quarter worth about $1,902,000. Institutional investors and hedge funds own 78.80% of the company's stock.

Insider Transactions at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of AGCO 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 sale, the senior vice president owned 16,189 shares of the company's stock, valued at approximately $1,771,076.60. This trade represents a 38.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is owned by corporate insiders.

AGCO Stock Down 0.7%

NYSE AGCO traded down $0.7690 during trading hours on Wednesday, reaching $112.8210. 516,054 shares of the company's stock were exchanged, compared to its average volume of 876,424. The company's 50-day moving average is $108.24 and its two-hundred day moving average is $99.40. 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 quick ratio of 0.67 and a current ratio of 1.48. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 84.20, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21.

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 for the quarter, topping the consensus estimate of $1.06 by $0.29. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.52 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The business's quarterly revenue was down 18.8% on a year-over-year basis. During the same period last year, the business earned $2.53 EPS. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. On average, analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO announced that its board has authorized a share buyback program on Wednesday, July 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

AGCO Dividend Announcement

The firm also recently declared 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. 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 dividend payout ratio (DPR) is currently 86.57%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AGCO shares. Citigroup reiterated a "neutral" rating and set a $110.00 price target on shares of AGCO in a research report on Friday, May 30th. The Goldman Sachs Group upped their price target on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Oppenheimer upped their target price on shares of AGCO from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Zacks Research upgraded shares of AGCO from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, UBS Group restated a "neutral" rating and set a $119.00 target price (up from $100.00) on shares of AGCO in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company 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.