Candriam S.C.A. Reduces Position in AGCO Corporation $AGCO

Candriam S.C.A. reduced its position in AGCO Corporation (NYSE:AGCO) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,285 shares of the industrial products company’s stock after selling 680 shares during the quarter. Candriam S.C.A.’s holdings in AGCO were worth $1,164,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Impax Asset Management Group plc raised its holdings in shares of AGCO by 57.1% in the second quarter. Impax Asset Management Group plc now owns 194,011 shares of the industrial products company’s stock worth $20,014,000 after buying an additional 70,536 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in AGCO by 4.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 23,436 shares of the industrial products company’s stock worth $2,418,000 after purchasing an additional 940 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of AGCO during the second quarter worth $595,000. ProShare Advisors LLC boosted its stake in shares of AGCO by 10.1% during the second quarter. ProShare Advisors LLC now owns 3,715 shares of the industrial products company’s stock valued at $383,000 after purchasing an additional 340 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of AGCO in the second quarter worth about $3,059,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Stock Performance

Shares of AGCO stock opened at $102.85 on Tuesday. The company has a market capitalization of $7.68 billion, a PE ratio of 76.75, a P/E/G ratio of 1.73 and a beta of 1.25. The company has a 50-day simple moving average of $107.60 and a two-hundred day simple moving average of $106.93. AGCO Corporation has a one year low of $73.79 and a one year high of $121.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. Research analysts expect that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. AGCO’s dividend payout ratio (DPR) is presently 23.06%.

Insider Buying and Selling at AGCO

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $104.28, for a total transaction of $26,070.00. Following the transaction, the senior vice president directly owned 17,130 shares in the company, valued at $1,786,316.40. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research analyst reports. UBS Group reiterated a “neutral” rating and set a $119.00 price objective (up previously from $100.00) on shares of AGCO in a report on Friday, August 8th. Citigroup lowered their price target on AGCO from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their target price on AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company began coverage on AGCO in a research note on Thursday. They set an “equal weight” rating and a $114.00 price target on the stock. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $113.70.

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.