AGCO’s (AGCO) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of AGCO (NYSE:AGCO) in a research report report published on Wednesday morning,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen raised AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. cut their price objective on AGCO from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, September 2nd. Truist Financial cut their price objective on AGCO from $143.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research cut AGCO from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Oppenheimer cut their price objective on AGCO from $124.00 to $123.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $116.25.

AGCO Price Performance

NYSE AGCO opened at $104.05 on Wednesday. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $121.16. The stock’s 50-day moving average is $110.25 and its two-hundred day moving average is $102.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 0.67. The firm has a market cap of $7.76 billion, a P/E ratio of 77.65, a price-to-earnings-growth ratio of 1.74 and a beta of 1.23.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.29. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The firm’s revenue was down 18.8% compared to the same quarter last year. AGCO has set its FY 2025 guidance at 4.750-5.00 EPS. On average, analysts anticipate that AGCO will post 4.2 earnings per share for the current fiscal year.

AGCO announced that its board has authorized a stock repurchase plan on Wednesday, July 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at AGCO

In other news, SVP Luis Fernando Sartini Felli sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $109.40, for a total value of $1,094,000.00. Following the sale, the senior vice president directly owned 16,189 shares in the company, valued at approximately $1,771,076.60. This represents a 38.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On AGCO

Large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas bought a new stake in shares of AGCO in the 1st quarter valued at approximately $1,212,000. GAMMA Investing LLC grew its position in AGCO by 66.9% during the 1st quarter. GAMMA Investing LLC now owns 908 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 364 shares during the last quarter. Inspire Investing LLC grew its position in AGCO by 64.0% during the 1st quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company’s stock worth $653,000 after acquiring an additional 2,752 shares during the last quarter. Voya Investment Management LLC grew its position in AGCO by 4.2% during the 1st quarter. Voya Investment Management LLC now owns 8,954 shares of the industrial products company’s stock worth $829,000 after acquiring an additional 364 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in AGCO by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 99,951 shares of the industrial products company’s stock worth $9,252,000 after acquiring an additional 8,293 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Company Profile

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.