GAMMA Investing LLC Buys 764 Shares of AGCO Corporation $AGCO

GAMMA Investing LLC increased its stake in AGCO Corporation (NYSE:AGCO) by 84.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,672 shares of the industrial products company’s stock after purchasing an additional 764 shares during the period. GAMMA Investing LLC’s holdings in AGCO were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AGCO. Citizens National Bank Trust Department grew its position in 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 acquiring an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in AGCO during the first quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its position in 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 acquiring an additional 190 shares during the last quarter. Quarry LP bought a new position in AGCO during the first quarter valued at approximately $37,000. Finally, Brooklyn Investment Group grew its position in 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 acquiring an additional 293 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AGCO has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Citigroup cut their target price on shares of AGCO from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their target price on shares of AGCO from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, September 2nd. Zacks Research cut shares of AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Oppenheimer cut their target price on shares of AGCO from $124.00 to $123.00 and set an “outperform” rating on the stock in a report on Thursday, September 18th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.63.

Insider Activity

In other AGCO news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president directly 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 document filed with the SEC, which is available through this hyperlink. 16.90% of the stock is currently owned by corporate insiders.

AGCO Price Performance

AGCO opened at $107.90 on Tuesday. The stock has a 50-day moving average price of $110.86 and a 200-day moving average price of $101.95. 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 $8.05 billion, a PE ratio of 80.52, a P/E/G ratio of 1.75 and a beta of 1.20. AGCO Corporation has a 1 year low of $73.79 and a 1 year high of $121.16.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) 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 quarter in the previous year, the firm earned $2.53 EPS. AGCO’s quarterly revenue was down 18.8% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. Sell-side analysts predict that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

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

AGCO announced that its board has initiated a share buyback plan on Wednesday, July 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is 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.