Lombard Odier Asset Management Europe Ltd Sells 79,490 Shares of AGCO Corporation $AGCO

Lombard Odier Asset Management Europe Ltd cut its stake in AGCO Corporation (NYSE:AGCO) by 69.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,399 shares of the industrial products company’s stock after selling 79,490 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in AGCO were worth $3,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGCO. Capital World Investors lifted its holdings in AGCO by 309.0% in the fourth 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. Norges Bank bought a new stake in AGCO during the fourth quarter valued at approximately $78,202,000. Invesco Ltd. boosted its stake in shares of AGCO by 20.6% during the 3rd quarter. Invesco Ltd. now owns 2,086,933 shares of the industrial products company’s stock worth $223,448,000 after acquiring an additional 356,560 shares during the last quarter. Davis Selected Advisers grew its position 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 valued at $213,736,000 after acquiring an additional 235,913 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of AGCO by 2,167.4% in the 4th quarter. SG Americas Securities LLC now owns 157,309 shares of the industrial products company’s stock worth $16,410,000 after purchasing an additional 150,371 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were 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 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

AGCO Price Performance

AGCO stock opened at $113.38 on Wednesday. The company has a market capitalization of $8.21 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.76 and a beta of 1.08. The company’s fifty day moving average price is $116.19 and its 200-day moving average price is $116.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.29. AGCO Corporation has a one year low of $98.60 and a one year high of $143.78.

AGCO (NYSE:AGCO) last released its quarterly 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 business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. AGCO has set its FY 2026 guidance at 6.000-6.000 EPS. On average, equities analysts anticipate that AGCO Corporation will post 5.99 EPS for the current fiscal year.

AGCO Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were given a $0.30 dividend. This is a boost from AGCO’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 15th. AGCO’s dividend payout ratio (DPR) is presently 11.57%.

Analysts Set New Price Targets

Several analysts have issued reports on AGCO shares. Oppenheimer set a $134.00 price target on AGCO in a report on Wednesday, May 6th. Weiss Ratings cut AGCO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded AGCO from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. UBS Group reissued a “neutral” rating and issued a $123.00 target price on shares of AGCO in a report on Sunday, May 10th. Finally, Morgan Stanley restated an “underweight” rating and set a $108.00 target price on shares of AGCO in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $126.50.

AGCO 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.