Choreo LLC Invests $686,000 in AGCO Corporation $AGCO

Choreo LLC bought a new position in AGCO Corporation (NYSE:AGCO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,405 shares of the industrial products company’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cullen Frost Bankers Inc. increased its stake in AGCO by 1,721.4% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of AGCO in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in AGCO by 951.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after buying an additional 257 shares in the last quarter. SJS Investment Consulting Inc. increased its position in AGCO by 3,725.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 306 shares of the industrial products company’s stock valued at $33,000 after buying an additional 298 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake 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 during the period. 78.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Kelvin Eugene Bennett sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $137.04, for a total transaction of $315,192.00. Following the transaction, the senior vice president directly owned 16,844 shares of the company’s stock, valued at approximately $2,308,301.76. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.60% of the stock is owned by insiders.

AGCO Stock Up 1.0%

AGCO stock opened at $134.43 on Thursday. The stock has a fifty day moving average of $120.88 and a 200-day moving average of $112.35. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $143.78. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.94 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.39.

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

AGCO Dividend Announcement

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 0.9%. The ex-dividend date is Friday, February 13th. AGCO’s payout ratio is currently 11.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company set a $132.00 target price on shares of AGCO in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of AGCO in a research note on Monday, December 22nd. Wall Street Zen lowered AGCO from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. BMO Capital Markets lifted their target price on AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. Finally, Truist Financial increased their price target on AGCO from $134.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $122.73.

AGCO Company 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.