Impax Asset Management Group plc Sells 43,544 Shares of AGCO Corporation $AGCO

Impax Asset Management Group plc reduced its holdings in shares of AGCO Corporation (NYSE:AGCO) by 22.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,467 shares of the industrial products company’s stock after selling 43,544 shares during the period. Impax Asset Management Group plc owned 0.20% of AGCO worth $16,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS grew its stake in AGCO by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 14,300 shares of the industrial products company’s stock worth $1,531,000 after purchasing an additional 100 shares during the period. Quantum Portfolio Management LLC lifted its stake in AGCO by 5.5% in the second quarter. Quantum Portfolio Management LLC now owns 2,495 shares of the industrial products company’s stock valued at $257,000 after buying an additional 129 shares during the period. GAMMA Investing LLC boosted its holdings in shares of AGCO by 8.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,818 shares of the industrial products company’s stock worth $195,000 after buying an additional 146 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock worth $61,000 after buying an additional 149 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of AGCO by 3.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,141 shares of the industrial products company’s stock valued at $443,000 after acquiring an additional 156 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGCO has been the topic of several research reports. Robert W. Baird set a $128.00 price objective on shares of AGCO in a report on Friday, February 6th. Wells Fargo & Company set a $132.00 price target on AGCO in a research note on Monday. Truist Financial increased their price target on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a report on Monday. Barclays boosted their price objective on AGCO from $93.00 to $105.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Finally, UBS Group reiterated a “neutral” rating and issued a $127.00 target price on shares of AGCO in a report on Friday, February 6th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $122.73.

AGCO Stock Up 2.0%

AGCO opened at $138.45 on Thursday. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $138.54. The firm has a market capitalization of $10.33 billion, a P/E ratio of 14.20, a PEG ratio of 0.96 and a beta of 1.19. The company’s 50-day moving average is $111.77 and its 200 day moving average is $109.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.39 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.85 by $0.32. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the business posted $1.97 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. Research analysts expect that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, February 13th. AGCO’s dividend payout ratio (DPR) is 11.90%.

AGCO Profile

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.