Intrust Bank NA Invests $206,000 in AGCO Corporation $AGCO

Intrust Bank NA acquired a new stake in AGCO Corporation (NYSE:AGCO) during the second quarter, HoldingsChannel.com reports. The fund acquired 1,994 shares of the industrial products company’s stock, valued at approximately $206,000.

Other large investors also recently modified their holdings of the company. Inspire Investing LLC boosted its position in AGCO by 64.0% during the first quarter. Inspire Investing LLC now owns 7,051 shares of the industrial products company’s stock valued at $653,000 after acquiring an additional 2,752 shares during the last quarter. Voya Investment Management LLC raised its position in shares of AGCO by 4.2% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of AGCO by 14.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company’s stock valued at $306,112,000 after purchasing an additional 405,022 shares during the period. United Services Automobile Association bought a new stake in shares of AGCO during the 1st quarter valued at about $382,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of AGCO during the 2nd quarter valued at about $1,405,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $104.28, for a total value of $26,070.00. Following the completion of the sale, the senior vice president directly owned 17,130 shares of the company’s stock, valued at approximately $1,786,316.40. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.90% of the company’s stock.

Wall Street Analyst Weigh In

AGCO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on AGCO from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Citigroup lowered their price objective on shares of AGCO from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. UBS Group reiterated a “neutral” rating and set a $119.00 target price (up previously from $100.00) on shares of AGCO in a research report on Friday, August 8th. Truist Financial restated a “buy” rating and issued a $123.00 price target (down from $142.00) on shares of AGCO in a report on Monday, November 3rd. Finally, Wall Street Zen raised shares of AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.70.

AGCO Trading Down 0.7%

Shares of AGCO stock opened at $101.35 on Thursday. The company has a market capitalization of $7.56 billion, a P/E ratio of 75.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The stock has a fifty day simple moving average of $107.37 and a 200 day simple moving average of $106.94. AGCO Corporation has a 12-month low of $73.79 and a 12-month high of $121.16. The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Friday, October 31st. The industrial products company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. AGCO had a return on equity of 8.27% and a net margin of 0.98%.The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period last year, the business earned $0.68 EPS. The business’s revenue was down 4.7% on a year-over-year basis. AGCO has set its FY 2025 guidance at 5.000-5.000 EPS. On average, sell-side analysts anticipate that AGCO Corporation will post 4.2 earnings per share for the current fiscal year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 14th. AGCO’s dividend payout ratio (DPR) is presently 23.06%.

AGCO 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.