AGCOAGCO
Market Cap: $6.54B
About: Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes about 3,100 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.
Employees: 27,900
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.33% less ownership
Funds ownership: 80.59% [Q1] → 80.26% (-0.33%) [Q2]
1% less repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 171
3% less call options, than puts
Call options by funds: $12.6M | Put options by funds: $13M
7% less funds holding
Funds holding: 504 [Q1] → 469 (-35) [Q2]
21% less capital invested
Capital invested by funds: $7.39B [Q1] → $5.86B (-$1.53B) [Q2]
36% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 98
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
BMO Capital Joel Jackson 36% 1-year accuracy 5 / 14 met price target | 10%upside $96 | Market Perform Initiated | 9 Aug 2024 |
JP Morgan Ann Duignan 0% 1-year accuracy 0 / 4 met price target | 31%upside $115 | Overweight Maintained | 31 Jul 2024 |
UBS Steven Fisher 68% 1-year accuracy 15 / 22 met price target | 19%upside $104 | Neutral Maintained | 31 Jul 2024 |
Truist Securities Jamie Cook 62% 1-year accuracy 29 / 47 met price target | 35%upside $118 | Buy Reiterated | 31 Jul 2024 |
Baird Mircea Dobre 31% 1-year accuracy 4 / 13 met price target | 47%upside $129 | Outperform Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 13 articles about AGCO published over the past 30 days