Levin Capital Strategies L.P. Reduces Stake in AGCO Corporation
July 12, 2023
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Recently, Levin Capital Strategies L.P. has reduced its stake in the company. Levin Capital Strategies is an investment management firm that manages public and private equity investments in companies across the globe. The decrease comes at a time of uncertainty for the agricultural industry, with global economic trends causing an overall decline in demand for agriculture-related products. Despite this, AGCO ($NYSE:AGCO)’s share price has remained relatively stable over the past year.
Though Levin Capital Strategies’ stake in AGCO Corporation has been reduced, the firm still holds a significant amount of stock in the company. They remain committed to the long-term success of AGCO, and are confident that their investments will pay off in the future. As such, their decision to reduce their stake appears to be more of a precautionary measure than anything else.
Price History
Monday was a positive day for AGCO Corporation (AGCO) stock, as it opened at $130.0 and closed at $131.9, up by 0.9%. Despite this development, AGCO’s stock still managed to close higher. This move by Levin Capital may signal a change in the company’s investors’ sentiment and could be an indicator of a potential bearish trend in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Agco Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 13.3k | 970.4 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Agco Corporation. More…
| Operations | Investing | Financing |
| 857.6 | -497.6 | -424.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Agco Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.81k | 6.68k | 55.22 |
Key Ratios Snapshot
Some of the financial key ratios for Agco Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 38.5% | 9.8% |
| FCF Margin | ROE | ROA |
| 3.1% | 20.3% | 7.5% |
Analysis
At GoodWhale, we conducted an analysis of AGCO CORPORATION‘s fundamentals and found that it is a medium risk investment in terms of financial and business aspects. Although there are no major warning signs, we have detected two risk warnings within the income sheet and balance sheet. To get more detailed insight, become a registered user and access our detailed report. More…
Peers
AGCO Corp is an agricultural machinery company that manufactures and distributes agricultural equipment and related replacement parts. The company operates through four segments: Tractors and Combines, Hay and Forage, Implements, and Other. AGCO Corp was founded in 1990 and is headquartered in Duluth, Georgia. The company’s products are sold under the brand names Challenger, Fendt, Giddings & Lewis, Massey Ferguson, RoGator, and TerraGator. Deere & Co is a leading manufacturer of agricultural equipment. The company’s products include tractors, combines, hay balers, forage harvesters, and various other agricultural equipment. Deere & Co was founded in 1837 and is headquartered in Moline, Illinois. CNH Industrial NV is a leading manufacturer of agricultural and construction equipment. The company’s products include tractors, combine harvesters, hay balers, forage harvesters, excavators, and wheel loaders. CNH Industrial NV was founded in 1999 and is headquartered in London, United Kingdom. Titan International Inc is a leading manufacturer of agricultural and construction equipment tires. The company’s products include tires for tractors, combines, hay balers, forage harvesters, excavators, and wheel loaders. Titan International Inc was founded in 1960 and is headquartered in Quincy, Illinois.
– Deere & Co ($NYSE:DE)
Deere & Co is a leading manufacturer of agricultural and construction equipment. The company has a market cap of 117.32B and a return on equity of 25.53%. Deere & Co is a well-known and trusted brand in the agricultural and construction industry. The company’s products are known for their quality and durability. Deere & Co has a strong reputation in the industry and is a trusted name by farmers and construction workers alike.
– CNH Industrial NV ($NYSE:CNHI)
CNH Industrial NV is a leading global manufacturer of agricultural and construction equipment. The company has a market cap of 17.43B as of 2022 and a Return on Equity of 29.84%. CNH Industrial NV designs, produces, and sells a full line of agricultural and construction equipment under the Case IH, New Holland, and Case Construction brands. The company’s products are used in a variety of applications, including farming, ranching, construction, and landscaping.
– Titan International Inc ($NYSE:TWI)
Titan International Inc is a leading manufacturer of off-highway wheels, tires, assemblies and undercarriage products. The company has a market cap of 947.72M as of 2022 and a Return on Equity of 43.03%. Titan serves a global customer base in the agricultural, construction, earthmoving, forestry and mining markets. The company’s products are sold in over 130 countries around the world. Titan is committed to delivering innovative, high-quality products that meet the needs of its customers.
Summary
Investors in AGCO Corporation have recently seen activity in the stock market. Levin Capital Strategies L.P. recently reduced its position in the company, potentially signaling a bearish outlook on the stock. Analysts should closely monitor AGCO’s financial performance, paying particular attention to its upcoming quarterly earnings reports. Investors should also take into account macroeconomic and sector-specific trends that might affect the stock.
Additionally, it’s important to review other stocks in the industry to determine whether AGCO is undervalued or overvalued relative to its peers. Finally, investors should consider their own risk tolerance and personal goals when deciding whether or not investing in AGCO is a good fit.
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