AGCO Corporation $AGCO Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in shares of AGCO Corporation (NYSE:AGCO) by 97.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,139 shares of the industrial products company’s stock after selling 267,675 shares during the period. Pacer Advisors Inc.’s holdings in AGCO were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in AGCO. Dimensional Fund Advisors LP raised its position in shares of AGCO by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after acquiring an additional 73,880 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in AGCO by 3.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,939,113 shares of the industrial products company’s stock valued at $306,608,000 after purchasing an additional 98,988 shares in the last quarter. Capital World Investors boosted its holdings in AGCO by 309.0% in the fourth quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after purchasing an additional 1,815,741 shares in the last quarter. Invesco Ltd. increased its stake in AGCO by 15.1% in the fourth quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after purchasing an additional 314,355 shares during the last quarter. Finally, Davis Selected Advisers increased its stake in AGCO by 13.0% in the fourth quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after purchasing an additional 235,913 shares during the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $102.85 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $7.20 billion, a P/E ratio of 14.23, a PEG ratio of 0.85 and a beta of 1.08. The business has a 50 day simple moving average of $113.94 and a 200-day simple moving average of $118.30. AGCO Corporation has a twelve month low of $99.21 and a twelve month high of $143.78.

AGCO (NYSE:AGCO) last announced its earnings results on Thursday, July 30th. The industrial products company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). AGCO had a net margin of 5.15% and a return on equity of 10.09%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. As a group, equities analysts anticipate that AGCO Corporation will post 5.58 EPS for the current year.

AGCO Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. AGCO’s payout ratio is currently 16.60%.

Wall Street Analyst Weigh In

AGCO has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of AGCO from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Citigroup dropped their target price on shares of AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. DA Davidson set a $151.00 price target on shares of AGCO in a research note on Friday, July 31st. Truist Financial reissued a “buy” rating and issued a $135.00 price target (down from $159.00) on shares of AGCO in a research report on Friday, July 31st. Finally, UBS Group decreased their price objective on shares of AGCO from $123.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $120.33.

Insider Activity at AGCO

In other news, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total transaction of $56,790,567.94. Following the completion of the sale, the insider owned 3,017,565 shares in the company, valued at approximately $348,015,771.45. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

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.