Edgestream Partners L.P. Increases Stock Holdings in AGCO Corporation $AGCO

Edgestream Partners L.P. grew its holdings in shares of AGCO Corporation (NYSE:AGCO) by 21.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,076 shares of the industrial products company’s stock after purchasing an additional 9,308 shares during the period. Edgestream Partners L.P. owned about 0.07% of AGCO worth $5,475,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of AGCO in the first quarter valued at approximately $32,000. Geneos Wealth Management Inc. lifted its holdings in AGCO by 109.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after buying an additional 190 shares in the last quarter. Quarry LP purchased a new position in AGCO in the 1st quarter valued at approximately $37,000. Atlantic Union Bankshares Corp acquired a new position in shares of AGCO in the second quarter worth $44,000. Finally, Advantage Trust Co acquired a new position in shares of AGCO in the second quarter worth $52,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

Analyst Upgrades and Downgrades

AGCO has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price objective on AGCO from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Barclays increased their price target on AGCO from $110.00 to $116.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Zacks Research cut AGCO from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Wells Fargo & Company started coverage on shares of AGCO in a research note on Thursday, November 13th. They set an “equal weight” rating and a $114.00 target price on the stock. Finally, Truist Financial reaffirmed a “buy” rating and issued a $123.00 target price (down previously from $142.00) on shares of AGCO in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, AGCO has an average rating of “Hold” and an average price target of $113.70.

AGCO Stock Performance

Shares of AGCO opened at $104.26 on Wednesday. The stock has a 50 day moving average price of $106.67 and a 200 day moving average price of $107.27. The company has a quick ratio of 0.73, a current ratio of 1.58 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.70 and a beta of 1.18. AGCO Corporation has a 52-week low of $73.79 and a 52-week high of $121.16.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. AGCO had a net margin of 3.73% and a return on equity of 9.36%. The business had revenue of $2.48 billion during 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 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 predict that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 yield of 1.1%. AGCO’s payout ratio is 23.06%.

Insider Transactions at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction dated 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 owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.90% of the stock is owned by corporate insiders.

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.