Edmond DE Rothschild Holding S.A. Makes New $13.77 Million Investment in AGCO Corporation $AGCO

Edmond DE Rothschild Holding S.A. bought a new position in shares of AGCO Corporation (NYSE:AGCOFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 115,000 shares of the industrial products company’s stock, valued at approximately $13,766,000. Edmond DE Rothschild Holding S.A. owned about 0.16% of AGCO at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AGCO. BlackRock Inc. bought a new position in shares of AGCO in the second quarter worth about $701,908,000. Dimensional Fund Advisors LP lifted its holdings in 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 valued at $368,849,000 after buying an additional 73,880 shares in the last quarter. Capital World Investors lifted its holdings in 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 buying an additional 1,815,741 shares in the last quarter. Invesco Ltd. boosted its position in AGCO by 15.1% in the 4th quarter. Invesco Ltd. now owns 2,401,288 shares of the industrial products company’s stock valued at $250,502,000 after buying an additional 314,355 shares during the period. Finally, Davis Selected Advisers boosted its position in AGCO by 13.0% in the 4th quarter. Davis Selected Advisers now owns 2,048,835 shares of the industrial products company’s stock valued at $213,736,000 after buying an additional 235,913 shares during the period. 78.80% of the stock is owned by hedge funds and other institutional investors.

AGCO Stock Performance

AGCO stock opened at $99.57 on Thursday. AGCO Corporation has a one year low of $98.22 and a one year high of $143.78. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.58 and a current ratio of 1.32. The firm has a 50-day simple moving average of $111.50 and a two-hundred day simple moving average of $117.57.

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

AGCO Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AGCO shares. Wells Fargo & Company reduced their target price on shares of AGCO from $132.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Morgan Stanley lowered their price target on AGCO from $110.00 to $99.00 and set an “underweight” rating for the company in a report on Tuesday, August 4th. Citigroup reduced their price objective on AGCO from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. lowered their target price on AGCO from $143.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $108.00 price target on shares of AGCO in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $120.33.

Read Our Latest Stock Analysis on AGCO

Insiders Place Their Bets

In other AGCO news, Director Lange Bob De purchased 1,000 shares of AGCO stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $100.71 per share, with a total value of $100,710.00. Following the completion of the transaction, the director owned 18,717 shares in the company, valued at approximately $1,884,989.07. This trade represents a 5.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder & Farm Equipment Ltd Tractors sold 492,418 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $115.33, for a total value of $56,790,567.94. Following the sale, the insider owned 3,017,565 shares of the company’s stock, valued at approximately $348,015,771.45. This represents a 14.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

AGCO Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGCO Corporation (NYSE:AGCOFree Report).

Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.