Maverick Capital Ltd. Acquires Shares of 9,653 AGCO Corporation $AGCO

Maverick Capital Ltd. bought a new position in shares of AGCO Corporation (NYSE:AGCO) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,653 shares of the industrial products company’s stock, valued at approximately $1,118,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of AGCO by 951.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 257 shares in the last quarter. Advisory Services Network LLC bought a new stake in AGCO during the third quarter valued at $33,000. Torren Management LLC acquired a new stake in shares of AGCO during the fourth quarter worth $35,000. Geneos Wealth Management Inc. raised its holdings in shares of AGCO by 109.2% during the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 190 shares during the period. Finally, Allworth Financial LP lifted its position in shares of AGCO by 64.3% in the 3rd quarter. Allworth Financial LP now owns 396 shares of the industrial products company’s stock worth $42,000 after buying an additional 155 shares during the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Performance

Shares of NYSE AGCO opened at $123.84 on Wednesday. AGCO Corporation has a 12-month low of $99.21 and a 12-month high of $143.78. The company has a market cap of $8.97 billion, a PE ratio of 11.94, a P/E/G ratio of 0.89 and a beta of 1.07. The stock has a 50 day simple moving average of $115.21 and a 200-day simple moving average of $118.65. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.50. AGCO had a return on equity of 9.99% and a net margin of 7.43%.The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, equities research analysts forecast that AGCO Corporation will post 6.2 EPS for the current year.

AGCO Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. AGCO’s payout ratio is currently 11.57%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. DA Davidson began coverage on shares of AGCO in a research report on Friday, July 10th. They set a “buy” rating and a $160.00 price objective for the company. Oppenheimer set a $134.00 price target on AGCO in a research report on Wednesday, May 6th. Morgan Stanley raised their price target on AGCO from $108.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, July 17th. Weiss Ratings downgraded AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. cut their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $129.64.

Insider Buying and Selling at AGCO

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the sale, the insider owned 3,149,820 shares of the company’s stock, valued at $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

About AGCO

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.