AGCO Corporation $AGCO Stock Position Raised by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey grew its stake in shares of AGCO Corporation (NYSE:AGCO) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,436 shares of the industrial products company’s stock after purchasing an additional 940 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in AGCO were worth $2,418,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its holdings in shares of AGCO by 3.1% during the second quarter. Baader Bank Aktiengesellschaft now owns 3,794 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 113 shares during the period. Jones Financial Companies Lllp boosted its stake in AGCO by 29.7% during the 1st quarter. Jones Financial Companies Lllp now owns 650 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 149 shares during the period. SummerHaven Investment Management LLC boosted its stake in AGCO by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,414 shares of the industrial products company’s stock valued at $868,000 after purchasing an additional 173 shares during the period. Empowered Funds LLC grew its position in AGCO by 3.1% in the 1st quarter. Empowered Funds LLC now owns 5,876 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 176 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of AGCO by 109.2% in the first quarter. Geneos Wealth Management Inc. now owns 364 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 190 shares during the period. Institutional investors own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AGCO shares. Truist Financial reissued a “buy” rating and issued a $123.00 price objective (down from $142.00) on shares of AGCO in a report on Monday, November 3rd. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. UBS Group reissued a “neutral” rating and set a $119.00 price target (up from $100.00) on shares of AGCO in a report on Friday, August 8th. Citigroup reduced their price objective on shares of AGCO from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $123.00 target price on shares of AGCO in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.70.

AGCO Trading Down 0.5%

Shares of AGCO stock opened at $102.21 on Wednesday. The business has a fifty day simple moving average of $107.49 and a 200-day simple moving average of $106.98. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $121.16. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 76.27, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

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

AGCO Dividend Announcement

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

Insider Transactions at AGCO

In other AGCO news, SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $104.28, for a total value of $26,070.00. Following the transaction, the senior vice president owned 17,130 shares in the company, valued at approximately $1,786,316.40. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 16.90% of the company’s stock.

About AGCO

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.