Voya Investment Management LLC Raises Stock Holdings in AGCO Corporation $AGCO

Voya Investment Management LLC lifted its holdings in shares of AGCO Corporation (NYSE:AGCO) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,954 shares of the industrial products company’s stock after purchasing an additional 364 shares during the quarter. Voya Investment Management LLC’s holdings in AGCO were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Citizens National Bank Trust Department boosted its stake in shares of AGCO by 400.0% during the first quarter. Citizens National Bank Trust Department now owns 300 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AGCO during the first quarter valued at approximately $32,000. Geneos Wealth Management Inc. boosted its stake in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares during the period. Quarry LP purchased a new stake in shares of AGCO during the first quarter valued at approximately $37,000. Finally, Brooklyn Investment Group boosted its stake in shares of AGCO by 98.7% during the first quarter. Brooklyn Investment Group now owns 590 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Insider Activity at AGCO

In related news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the business’s 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 transaction, the senior vice president owned 16,189 shares in the company, valued at $1,771,076.60. The trade was a 38.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Oppenheimer decreased their target price on AGCO from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Zacks Research downgraded AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Citigroup decreased their target price on AGCO from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, UBS Group restated a “neutral” rating and set a $119.00 target price (up previously from $100.00) on shares of AGCO in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.63.

AGCO Trading Down 2.1%

Shares of NYSE:AGCO opened at $107.34 on Thursday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 80.11, a PEG ratio of 1.75 and a beta of 1.20. 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 stock’s 50-day simple moving average is $110.77 and its two-hundred day simple moving average is $101.61. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.06 by $0.29. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.52 billion. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The business’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Analysts expect that AGCO Corporation will post 4.2 EPS for the current year.

AGCO declared that its board has approved 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 repurchase up to 12.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.29 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. AGCO’s payout ratio is 86.57%.

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.