Victory Capital Management 13F: Cuts AGCO Stake by $8.7M

Victory Capital Management has reduced its position in AGCO Corporation (NYSE: AGCO) by 73,076 shares, cutting its stake by 3.23%. As of the latest 13F filing, Victory Capital holds 2,191,147 shares valued at approximately $255.3 million. These filings reflect holdings as of the reporting period and may not represent the investor's current position.

What Changed in Victory Capital's AGCO Position

Victory Capital Management trimmed its AGCO holdings from 2,264,223 shares to 2,191,147 shares, a decrease of 73,076 shares or 3.23%. The value of the holdings stands at about $255.3 million, reflecting a strategic reduction in their investment.

Other Institutional Activity in AGCO

BlackRock, Inc. increased its AGCO stake by 35,047 shares, bringing its total to 5,804,530 shares worth around $672.6 million. Price T Rowe Associates added 78,454 shares, reaching a total of 5,210,230 shares valued at $603.7 million. Dimensional Fund Advisors made a slight increase of 1,734 shares, holding 3,537,474 shares valued at $409.9 million. Meanwhile, Massachusetts Financial Services reduced its position by 75,857 shares, ending with 2,863,256 shares worth $337 million.

AGCO Corporation Stock Down 0.1%

Shares of AGCO Corporation (NYSE: AGCO) are trading close to $116.51. The company has a market capitalization of approximately $8.15 billion and a P/E ratio of 10.86. Its 52-week range is between $98.60 and $143.78. AGCO's 50-day moving average is $116.38, with a 200-day moving average of $113.81. The company's beta is 1.082, indicating moderate volatility compared to the market.

Recent Earnings

AGCO reported revenue of $10.37 billion, marking a 14.3% growth. The company achieved an EPS of $10.36 with a net margin of 7.43% and a return on equity of 17.53%. AGCO is expected to announce its next earnings on July 30, 2026.

Dividend

AGCO offers an annual dividend rate of $1.20, yielding 1.07%. The dividend payout ratio is 11.19%, indicating a conservative approach to returning profits to shareholders.

Insider Buying and Selling at AGCO Corporation

On May 5, 2026, Tractors Farm Equipment Ltd sold 422,590 shares at an average price of $123.28. Meanwhile, on April 23, 2026, insiders including James Collins Jr., Suzanne Patricia Clark, Bob De Lange, Michael Arnold, and Sondra Barbour each purchased 1,673 shares.

Analysts Set New Price Targets

On April 22, 2026, Oppenheimer maintained a 'buy' rating for AGCO with a price target of $136. Citigroup, on February 9, 2026, reiterated a 'hold' rating with a target of $130. Truist Securities also maintained a 'buy' rating with a target of $152 on the same date. The consensus recommendation is to hold, with a mean target price of $128 based on 14 analyst opinions.

About AGCO Corporation

AGCO Corporation, headquartered in Duluth, Georgia, manufactures and distributes agricultural equipment and replacement parts worldwide. The company provides a range of tractors, grain storage bins, seed-processing systems, and other agricultural machinery under brands like Fendt, Massey Ferguson, and Valtra. Founded in 1990, AGCO employs about 22,000 people and operates within the Industrials sector, specifically in Farm & Heavy Construction Machinery.

Bottom Line

Victory Capital's decision to trim its position in AGCO Corporation reflects a strategic adjustment in its portfolio. AGCO remains a significant player in the agricultural equipment industry, with a solid market presence and diverse product offerings. Investors often track such institutional moves for insights, but it's important to remember that 13F filings are backward-looking and may not indicate current positions.