AGCO Corporation $AGCO Stake Boosted by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of AGCO Corporation (NYSE:AGCO) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,006 shares of the industrial products company’s stock after acquiring an additional 29,310 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of AGCO worth $14,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AGCO. Citizens National Bank Trust Department grew its stake in AGCO by 400.0% during the 1st quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in AGCO during the 1st quarter valued at about $32,000. Abound Wealth Management purchased a new position in AGCO during the 1st quarter valued at about $56,000. UMB Bank n.a. grew its stake in AGCO by 140.7% during the 1st quarter. UMB Bank n.a. now owns 811 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 474 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in AGCO by 66.9% during the 1st quarter. GAMMA Investing LLC now owns 908 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $109.40, for a total value of $1,094,000.00. Following the completion of the sale, the senior vice president directly owned 16,189 shares in the company, valued at approximately $1,771,076.60. The trade was a 38.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 16.90% of the company’s stock.

AGCO Stock Down 1.4%

Shares of AGCO stock opened at $115.0660 on Tuesday. The stock has a 50-day simple moving average of $109.22 and a 200-day simple moving average of $99.75. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.67. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 85.87, a P/E/G ratio of 1.84 and a beta of 1.21.

AGCO (NYSE:AGCO) last posted its 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. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company earned $2.53 EPS. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. On average, equities research analysts expect that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO announced that its board has authorized a stock buyback program on Wednesday, July 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 15th. AGCO’s payout ratio is 86.57%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $110.00 target price on shares of AGCO in a research note on Friday, May 30th. Oppenheimer lifted their price target on AGCO from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Zacks Research upgraded AGCO from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Morgan Stanley lifted their price target on AGCO from $75.00 to $84.00 and gave the company an “underweight” rating in a report on Monday, May 12th. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.63.

About AGCO

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.