Y Intercept Hong Kong Ltd Invests $5.70 Million in AGCO Corporation $AGCO

Y Intercept Hong Kong Ltd purchased a new position in AGCO Corporation (NYSE:AGCO) during the first quarter, Holdings Channel reports. The fund purchased 49,194 shares of the industrial products company’s stock, valued at approximately $5,700,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in AGCO by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,535,740 shares of the industrial products company’s stock worth $368,849,000 after buying an additional 73,880 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 acquiring an additional 98,988 shares during the last quarter. Capital World Investors grew its position in shares of AGCO by 309.0% during the 4th quarter. Capital World Investors now owns 2,403,349 shares of the industrial products company’s stock valued at $250,717,000 after acquiring an additional 1,815,741 shares during the period. Invesco Ltd. grew its position in shares of AGCO by 15.1% during the 4th quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after acquiring an additional 314,355 shares during the period. Finally, Davis Selected Advisers increased its stake in shares of AGCO by 13.0% during the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock worth $213,736,000 after purchasing an additional 235,913 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AGCO has been the topic of a number of research reports. Morgan Stanley reaffirmed an “underweight” rating and issued a $108.00 price target on shares of AGCO in a report on Thursday, May 14th. Weiss Ratings lowered AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Truist Financial raised their target price on AGCO from $152.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday. Oppenheimer set a $134.00 target price on AGCO in a research note on Wednesday, May 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $123.00 price target on shares of AGCO in a research report on Sunday, May 10th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $127.20.

AGCO Price Performance

AGCO opened at $116.52 on Friday. The firm has a 50-day moving average price of $115.42 and a 200-day moving average price of $117.38. AGCO Corporation has a twelve month low of $99.21 and a twelve month high of $143.78. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.78 and a beta of 1.07.

AGCO (NYSE:AGCO) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.50. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. AGCO had a net margin of 7.43% and a return on equity of 9.99%. AGCO’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. Equities analysts expect that AGCO Corporation will post 5.99 EPS for the current year.

AGCO Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from AGCO’s previous quarterly dividend of $0.29. AGCO’s payout ratio is presently 11.57%.

Insider Activity

In other AGCO news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total transaction of $52,096,895.20. Following the sale, the insider owned 3,149,820 shares in the company, valued at $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

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.