An overview of AGCO Corporation’s (AGCO) institutional holdings

The price of AGCO Corporation (NYSE:AGCO) shares last traded on Wall Street rose 1.26% to $137.09.

Based on available information, 19 analysts follow AGCO Corporation (NYSE:AGCO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $104.00, we find $150.00. Given the previous closing price of $135.39, this indicates a potential upside of 10.79 percent. AGCO stock price is now 3.70% away from the 50-day moving average and 16.60% away from the 200-day moving average. The market capitalization of the company currently stands at $10.10B.

Among analysts, 8 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $151.44 as their price target over the next twelve months.

With the price target enhanced from $143 to $174, Credit Suisse maintained Outperform rating for AGCO Corporation (NYSE: AGCO). On September 28, 2022, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $156, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.

In other news, Minnich George E, Director sold 1,500 shares of the company’s stock on Nov 16. The stock was sold for $185,550 at an average price of $123.70. Upon completion of the transaction, the Director now directly owns 12,543 shares in the company, valued at $1.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, SVP, Customer Experience Crain Robert B sold 7,000 shares of the business’s stock. A total of $750,540 was realized by selling the stock at an average price of $107.22. This leaves the insider owning 48,026 shares of the company worth $6.58 million. Insiders disposed of 63,294 shares of company stock worth roughly $8.68 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in AGCO stock. A new stake in AGCO Corporation shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $60,149,000. ALYESKA INVESTMENT GROUP, L.P. invested $39,429,000 in shares of AGCO during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in AGCO Corporation valued at approximately $9,519,000. TWINBEECH CAPITAL LP acquired a new stake in AGCO for approximately $8,000,000. EDGESTREAM PARTNERS, L.P. purchased a new stake in AGCO valued at around $7,350,000 in the second quarter. In total, there are 627 active investors with 83.50% ownership of the company’s stock.

A candlestick chart of AGCO Corporation (NYSE: AGCO) showed a price of $136.10 on Friday morning. During the past 12 months, AGCO Corporation has had a low of $88.55 and a high of $144.82. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.60, and a quick ratio of 0.70. The fifty day moving average price for AGCO is $132.50 and a two-hundred day moving average price translates $118.31 for the stock.

The latest earnings results from AGCO Corporation (NYSE: AGCO) was released for Jun, 2022. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $2.37, beating analysts’ expectations of $2.11 by 0.26. This compares to $2.41 EPS in the same period last year. The net profit margin was 7.10% and return on equity was 24.30% for AGCO. The company reported revenue of $3.12 billion for the quarter, compared to $2.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.55 percent. For the current quarter, analysts expect AGCO to generate $3.3B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 02/15/2023 were paid a $0.24 dividend. On an annualized basis, this represents a $0.96 dividend and a 0.70% percent yield. There was an ex-dividend date of 02/14/2023 for this dividend. In terms of dividend payout ratio, AGCO is presently at 6.00%.

AGCO Corporation(AGCO) Company 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. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, such as self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.