Vanguard Personalized Indexing Management LLC Sells 2,810 Shares of AGCO Corporation $AGCO

Key Points

• Vanguard Personalized Indexing Management LLC reduced its holdings in AGCO Corporation by 39.9% during the second quarter, selling 2,810 shares, leaving them with a total of 4,241 shares valued at approximately $438,000.
• Analysts have mixed views on AGCO, with three maintaining a Buy rating, while the consensus rating stands at "Hold" with a target price of $116.33.
• AGCO's Board of Directors authorized a $1.00 billion stock buyback, indicating confidence in the company's stock being undervalued and the potential to repurchase up to 12.2% of its shares.

Vanguard Personalized Indexing Management LLC decreased its holdings in shares of AGCO Corporation (NYSE:AGCO - Free Report) by 39.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,241 shares of the industrial products company's stock after selling 2,810 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in AGCO were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Baader Bank Aktiengesellschaft grew its position in shares of AGCO by 3.1% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company's stock valued at $390,000 after acquiring an additional 113 shares during the period. Jones Financial Companies Lllp boosted its holdings in AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company's stock worth $61,000 after buying an additional 149 shares during the period. SummerHaven Investment Management LLC boosted its holdings in AGCO by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,414 shares of the industrial products company's stock worth $868,000 after buying an additional 173 shares during the period. Empowered Funds LLC boosted its holdings in AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company's stock worth $544,000 after buying an additional 176 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in AGCO by 1.1% in the 1st quarter. State of Alaska Department of Revenue now owns 16,857 shares of the industrial products company's stock worth $1,559,000 after buying an additional 190 shares during the period. Institutional investors own 78.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on AGCO shares. UBS Group reiterated a "neutral" rating and issued a $119.00 price target (up previously from $100.00) on shares of AGCO in a research note on Friday, August 8th. Truist Financial decreased their target price on shares of AGCO from $143.00 to $142.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings restated a "hold (c-)" rating on shares of AGCO in a research report on Wednesday, October 8th. Oppenheimer decreased their target price on shares of AGCO from $124.00 to $123.00 and set an "outperform" rating on the stock in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of AGCO from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AGCO currently has a consensus rating of "Hold" and a consensus target price of $116.33.

Insider Activity

In other 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 transaction of $1,094,000.00. Following the transaction, the senior vice president directly owned 16,189 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.60% of the company's stock.

AGCO Price Performance

NYSE AGCO opened at $107.21 on Thursday. 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 firm's 50 day moving average price is $109.45 and its 200-day moving average price is $103.55. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16. The company has a market cap of $8.00 billion, a PE ratio of 80.01, a P/E/G ratio of 1.73 and a beta of 1.23.

AGCO (NYSE:AGCO - Get Free Report) last released its quarterly earnings data 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 net margin of 0.98% and a return on equity of 8.27%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm earned $2.53 earnings per share. The company's quarterly revenue was down 18.8% on a year-over-year basis. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Sell-side analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.