AGCOAGCO
About: Agco is a global manufacturer of agricultural equipment. Its main machine brands are Fendt, Massey Ferguson, and Valtra; its initiatives in precision agriculture have been organized under the PTx umbrella following a series of acquisitions. While a global business, Agco's sales skew heavily toward Europe/Middle East, representing 50%-60% of sales and even more of operating profits. The company is trying to increase its exposure to the larger North and South American markets. Its products are available through a global dealer network, which includes over 3,000 dealer and distribution locations and reach into over 140 countries. Additionally, Agco offers retail and wholesale financing to customers through its unconsolidated joint venture with Rabobank of the Netherlands.
Employees: 24,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
12.07% more ownership
Funds ownership: 83.04% [Q3] → 95.11% (+12.07%) [Q4]
9% more capital invested
Capital invested by funds: $6.07B [Q3] → $6.6B (+$533M) [Q4]
6% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 155
3% less funds holding
Funds holding: 436 [Q3] → 421 (-15) [Q4]
13% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 67
23% less call options, than puts
Call options by funds: $10.6M | Put options by funds: $13.8M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Oppenheimer Kristen Owen 27% 1-year accuracy 12 / 45 met price target | 30%upside $106 | Outperform Maintained | 22 Apr 2025 |
Morgan Stanley Angel Castillo 42% 1-year accuracy 10 / 24 met price target | 8%downside $75 | Underweight Downgraded | 16 Apr 2025 |
Truist Securities Jamie Cook 32% 1-year accuracy 28 / 88 met price target | 28%upside $105 | Buy Maintained | 8 Apr 2025 |
Citigroup Kyle Menges 27% 1-year accuracy 10 / 37 met price target | 10%upside $90 | Buy Upgraded | 8 Apr 2025 |
UBS Steven Fisher 30% 1-year accuracy 9 / 30 met price target | 8%upside $88 | Neutral Maintained | 7 Apr 2025 |
Financial journalist opinion
Based on 4 articles about AGCO published over the past 30 days
