AGCO Corp. (AGCO) – Don’t Believe the Hype: Check The Facts

AGCO Corp. (NYSE: AGCO) is -3.29% lower on its value in year-to-date trading and has touched a low of $109.81 and a high of $140.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AGCO stock was last observed hovering at around $117.91 in the last trading session, with the day’s loss setting it -0.49%.

Currently trading at $117.42, the stock is -2.44% and -1.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.42% at the moment leaves the stock -3.55% off its SMA200. AGCO registered -9.03% loss for a year compared to 6-month loss of -9.19%. The firm has a 50-day simple moving average (SMA 50) of $0.67 and a 200-day simple moving average (SMA200) of $5.98.

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The stock witnessed a -3.06% gain in the last 1 month and extending the period to 3 months gives it a 2.91%, and is -4.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.69% over the week and 2.55% over the month.

AGCO Corp. (AGCO) has around 25600 employees, a market worth around $8.79B and $14.41B in sales. Current P/E ratio is 7.51 and Fwd P/E is 9.17. Profit margin for the company is 8.13%. Distance from 52-week low is 6.93% and -16.40% from its 52-week high. The company has generated returns on investments over the last 12 months (18.99%).

AGCO Corp. quarterly earnings per share for the current quarter are estimated at $2.33 with sales reaching $3B over the same period.The EPS is expected to shrink by -16.35% this year, but quarterly earnings will post -5.90% year-over-year. Quarterly sales are estimated to shrink -10.10% in year-over-year returns.

736 institutions hold shares in AGCO Corp. (AGCO), with institutional investors hold 94.67% of the company’s shares. The shares outstanding are 74.60M, and float is at 62.15M with Short Float at 3.38%. Institutions hold 78.88% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 6.72 million shares valued at $883.53 million. The investor’s holdings represent 8.98% of the AGCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.59 million shares valued at $866.35 million to account for 8.80% of the shares outstanding. The other top investors are Lsv Asset Management which holds 3.32 million shares representing 4.43% and valued at over $436.15 million, while Victory Capital Management Inc. holds 3.26% of the shares totaling 2.44 million with a market value of $320.73 million.

AGCO Corp. (AGCO) Insider Activity

A total of 2 insider transactions have happened at AGCO Corp. (AGCO) in the last six months, with sales accounting for 0 and purchases happening 2 times. The most recent transaction is an insider sale by Dehner Torsten Rudolf Willi, the company’s SVP, Gen. Mgr., Fendt/Valtra. SEC filings show that Dehner Torsten Rudolf Willi sold 744 shares of the company’s common stock on Feb 23 at a price of $140.71 per share for a total of $0.1 million. Following the sale, the insider now owns 26867.0 shares.

AGCO Corp. disclosed in a document filed with the SEC on Feb 21 that LONG LARA THRUSH (VP, Chief Accounting Officer) sold a total of 1,623 shares of the company’s common stock. The trade occurred on Feb 21 and was made at $138.76 per share for $0.23 million. Following the transaction, the insider now directly holds 782.0 shares of the AGCO stock.

Still, SEC filings show that on Feb 17, Crain Robert B (SVP, Customer Experience) disposed off 10,000 shares at an average price of $138.32 for $1.38 million. The insider now directly holds 34,367 shares of AGCO Corp. (AGCO).

AGCO Corp. (AGCO): Who are the competitors?

One of the company’s main competitors (and peers) include Alamo Group Inc. (ALG) that is trading 39.21% up over the past 12 months.Lindsay Corp. (LNN) lies in the list of competitors of the AGCO Corp. and is -16.80% lower over the same period from AGCOToro Co. (TTC) is -12.75% down on the 1-year trading charts.