Van ECK Associates Corp Sells 8,803 Shares of AGCO Corporation $AGCO

Key Points

• Van ECK Associates trimmed its AGCO stake by 6.0%, selling 8,803 shares and ending the quarter with 137,218 shares worth about $14.69 million.
• AGCO beat quarterly expectations with $2.17 EPS (vs. $1.85 est.) and $2.92 billion in revenue (vs. $2.67 billion est.), and issued FY2026 guidance of 5.50–6.00 EPS.
• SVP Kelvin Eugene Bennett sold 2,300 shares (a 12.0% reduction), and the company announced a $0.29 quarterly dividend (1.0% yield) with an ex-dividend date of Feb. 13 and payment on Mar. 16.

Van ECK Associates Corp decreased its position in AGCO Corporation (NYSE:AGCO - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,218 shares of the industrial products company's stock after selling 8,803 shares during the period. Van ECK Associates Corp owned 0.18% of AGCO worth $14,692,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Jupiter Asset Management Ltd. increased its position in shares of AGCO by 520.4% during the third quarter. Jupiter Asset Management Ltd. now owns 35,801 shares of the industrial products company's stock valued at $3,833,000 after acquiring an additional 30,030 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in AGCO in the third quarter worth $1,126,000. Neo Ivy Capital Management purchased a new position in AGCO in the second quarter worth $817,000. Eisler Capital Management Ltd. bought a new position in AGCO in the 2nd quarter valued at $15,979,000. Finally, Level Four Advisory Services LLC increased its position in shares of AGCO by 3.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 81,011 shares of the industrial products company's stock valued at $8,357,000 after purchasing an additional 2,391 shares during the last quarter. Institutional investors own 78.80% of the company's stock.

Insider Buying and Selling

In related news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the transaction, the senior vice president directly owned 16,844 shares in the company, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.60% of the company's stock.

AGCO Stock Performance

AGCO traded down $2.30 during trading hours on Friday, hitting $117.57. The stock had a trading volume of 51,257 shares, compared to its average volume of 793,615. The company's fifty day simple moving average is $123.07 and its 200 day simple moving average is $112.75. AGCO Corporation has a 1 year low of $73.79 and a 1 year high of $143.78. The stock has a market cap of $8.51 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 1.39 and a debt-to-equity ratio of 0.54.

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

AGCO Dividend Announcement

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 issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.16 annualized dividend and a yield of 1.0%. AGCO's dividend payout ratio (DPR) is 11.90%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGCO. UBS Group reissued a "neutral" rating and issued a $127.00 price target on shares of AGCO in a report on Friday, February 6th. Weiss Ratings restated a "hold (c)" rating on shares of AGCO in a report on Monday, December 22nd. Wells Fargo & Company set a $132.00 price objective on shares of AGCO in a research report on Monday, February 9th. Robert W. Baird set a $128.00 target price on shares of AGCO in a research note on Friday, February 6th. Finally, BMO Capital Markets increased their target price 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $122.73.

About AGCO

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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