AYAL Capital Advisors Ltd Buys Shares of 50,000 AGCO Corporation $AGCO

AYAL Capital Advisors Ltd purchased a new position in shares of AGCO Corporation (NYSE:AGCO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the industrial products company’s stock, valued at approximately $5,158,000. AGCO makes up approximately 1.2% of AYAL Capital Advisors Ltd’s holdings, making the stock its 22nd biggest holding. AYAL Capital Advisors Ltd owned approximately 0.07% of AGCO as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in AGCO. Neo Ivy Capital Management bought a new position in AGCO during the 2nd quarter worth approximately $817,000. Eisler Capital Management Ltd. acquired a new stake in shares of AGCO during the 2nd quarter valued at approximately $15,979,000. Inspire Investing LLC lifted its stake in AGCO by 64.0% during the first quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company’s stock worth $653,000 after purchasing an additional 2,752 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in AGCO by 14.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company’s stock worth $306,112,000 after purchasing an additional 405,022 shares during the period. Finally, Voya Investment Management LLC increased its stake in AGCO by 4.2% during the first quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 364 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Up 0.5%

Shares of AGCO stock opened at $109.37 on Friday. AGCO Corporation has a 1-year low of $73.79 and a 1-year high of $121.16. The company has a market capitalization of $8.16 billion, a P/E ratio of 21.74, a PEG ratio of 1.74 and a beta of 1.18. The business’s fifty day moving average price is $106.47 and its two-hundred day moving average price is $107.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.58 and a quick ratio of 0.73.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. AGCO had a return on equity of 9.36% and a net margin of 3.73%.The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. As a group, research analysts forecast that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on AGCO. Oppenheimer lifted their price target on shares of AGCO from $123.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Zacks Research lowered AGCO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. JPMorgan Chase & Co. increased their price target on AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Barclays upped their price objective on AGCO from $110.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company assumed coverage on AGCO in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $114.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.20.

Insider Activity at AGCO

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were 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 in the company, valued at $1,786,316.40. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% 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.