AGCO Corporation $AGCO Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its position in AGCO Corporation (NYSE:AGCO) by 28.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 430 shares of the industrial products company’s stock after selling 168 shares during the period. IFP Advisors Inc’s holdings in AGCO were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Callan Family Office LLC acquired a new position in shares of AGCO in the second quarter valued at about $560,000. Mirova US LLC increased its holdings in shares of AGCO by 3.2% in the second quarter. Mirova US LLC now owns 1,253,258 shares of the industrial products company’s stock valued at $129,286,000 after purchasing an additional 39,263 shares during the period. KLP Kapitalforvaltning AS increased its holdings in shares of AGCO by 17.4% in the second quarter. KLP Kapitalforvaltning AS now owns 14,200 shares of the industrial products company’s stock valued at $1,465,000 after purchasing an additional 2,100 shares during the period. Wealthcare Capital Partners LLC acquired a new stake in AGCO during the second quarter worth about $220,000. Finally, XML Financial LLC grew its holdings in AGCO by 20.1% during the second quarter. XML Financial LLC now owns 13,087 shares of the industrial products company’s stock worth $1,350,000 after acquiring an additional 2,189 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on AGCO shares. Citigroup dropped their target price on AGCO from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Barclays raised their price objective on AGCO from $110.00 to $116.00 and gave the company an “equal weight” rating in a report on Monday. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Truist Financial decreased their target price on AGCO from $143.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, Oppenheimer cut their price target on AGCO from $124.00 to $123.00 and set an “outperform” rating for the company in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $116.33.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of AGCO stock in a transaction 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 of the company’s stock, valued at approximately $1,771,076.60. The trade was a 38.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.90% of the company’s stock.

AGCO Price Performance

NYSE:AGCO opened at $108.46 on Wednesday. AGCO Corporation has a 52 week low of $73.79 and a 52 week high of $121.16. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $109.61 and its two-hundred day moving average is $103.52. The company has a market capitalization of $8.09 billion, a P/E ratio of 80.94, a P/E/G ratio of 1.72 and a beta of 1.23.

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

AGCO declared that its board has initiated a share buyback plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.