AGCO (NYSE:AGCO) Cut to “Hold” at Wall Street Zen

AGCO (NYSE:AGCO) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on AGCO. Wells Fargo & Company set a $132.00 price target on shares of AGCO in a research report on Monday, February 9th. Citigroup upped their target price on shares of AGCO from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Truist Financial upped their price objective on AGCO from $134.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price target on AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AGCO currently has an average rating of “Hold” and an average price target of $122.73.

AGCO Stock Down 0.6%

AGCO stock opened at $137.76 on Friday. AGCO has a one year low of $73.79 and a one year high of $143.78. The stock has a market cap of $9.97 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39. The stock has a fifty day moving average of $116.30 and a 200 day moving average of $111.07.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $2.17 earnings per share for the quarter, topping 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 business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $1.97 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, sell-side analysts predict that AGCO will post 4.2 EPS for the current year.

Insider Buying and Selling

In other AGCO news, SVP Kelvin Eugene Bennett sold 2,300 shares of AGCO stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $137.04, for a total value of $315,192.00. Following the completion of the transaction, the senior vice president directly owned 16,844 shares of the company’s stock, valued at $2,308,301.76. This trade represents a 12.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 16.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On AGCO

Several hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in AGCO by 46.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,958 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 1,567 shares during the period. Jones Financial Companies Lllp boosted its position in AGCO by 29.7% in the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after buying an additional 149 shares during the period. Goldman Sachs Group Inc. boosted its position in AGCO by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 215,242 shares of the industrial products company’s stock valued at $19,925,000 after buying an additional 61,009 shares during the period. Empowered Funds LLC grew its stake in AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after acquiring an additional 176 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 190 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

About AGCO

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.