GCO is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $9.0 billion in 2019.

Company profile
Ticker
AGCO
Exchange
Website
CEO
Martin Richenhagen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Lindsay • Alamo • Deere & Co. • Art`s-way Manufacturing • MJ Harvest • THC Therapeutics • Opti-Harvest ...
SEC CIK
Corporate docs
Subsidiaries
AGCO Argentina SA • Indamo SA • AGCO Australia Ltd • Sparex Australia PTY Ltd • AGCO Austria GmbH • Cimbria Heid GmbH • Sparex Belgium BVBA • AGCO do Brasil Soluções Agrícolas Ltda • GSI Brasil Industria e Comercio de Equipamentos Agropecuarios Ltd • Tecnoagro Maquinas Agrícolas Ltda ...
IRS number
581960019
AGCO stock data
News

Benzinga's Top Ratings Upgrades, Downgrades For June 23, 2022
23 Jun 22
Morgan Stanley Downgrades AGCO to Equal-Weight, Lowers Price Target to $129
23 Jun 22
AGCO Invests In OPTIfarm To Improve Productivity And Animal Welfare
16 Jun 22
Analyst Ratings for AGCO
10 Jun 22
Deutsche Bank Maintains Hold on AGCO, Lowers Price Target to $141
10 Jun 22
Press releases
AGCO Invests in OPTIfarm to Improve Productivity and Animal Welfare
16 Jun 22
AGCO's Gleaner® brand marks 100th anniversary with model year 2023
15 Jun 22
AGCO Announces Chief Financial Officer Succession
15 Jun 22
Massey Ferguson® Produces One-Millionth Tractor
14 Jun 22
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AGCO Corporation
30 May 22
Analyst ratings and price targets
Current price
Average target
$135.00
Low target
$129.00
High target
$141.00
Morgan Stanley
Downgraded
$129.00
Deutsche Bank
Maintains
$141.00
Calendar
5 May 22
2 Jul 22
31 Dec 22
Financial summary
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 655.7M | 655.7M | 655.7M | 655.7M | 655.7M | 655.7M |
Cash burn (monthly) | 77.8M | (no burn) | (no burn) | (no burn) | 192.17M | (no burn) |
Cash used (since last report) | 238.56M | n/a | n/a | n/a | 589.25M | n/a |
Cash remaining | 417.14M | n/a | n/a | n/a | 66.45M | n/a |
Runway (months of cash) | 5.4 | n/a | n/a | n/a | 0.3 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Apr 22 | arnold michael c | Common Stock | Payment of exercise | Dispose F | No | No | 127.31 | 260 | 33.1K | 16,021 |
28 Apr 22 | arnold michael c | Common Stock | Grant | Acquire A | No | No | 0 | 1,296 | 0 | 16,281 |
28 Apr 22 | Barbour Sondra L | Common Stock | Grant | Acquire A | No | No | 0 | 1,296 | 0 | 5,147 |
28 Apr 22 | Clark Suzanne Patricia | Common Stock | Grant | Acquire A | No | No | 0 | 1,296 | 0 | 7,141 |
28 Apr 22 | Lange Bob De | Common Stock | Grant | Acquire A | No | No | 0 | 1,296 | 0 | 2,309 |
28 Apr 22 | Minnich George E | Common Stock | Payment of exercise | Dispose F | No | No | 127.31 | 519 | 66.07K | 8,497 |
28 Apr 22 | Minnich George E | Common Stock | Grant | Acquire A | No | No | 0 | 1,296 | 0 | 9,016 |
Institutional ownership, Q1 2022
94.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 445 |
Opened positions | 106 |
Closed positions | 63 |
Increased positions | 146 |
Reduced positions | 128 |
13F shares | Current |
---|---|
Total value | 8.94B |
Total shares | 70.09M |
Total puts | 424.4K |
Total calls | 565.6K |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Srinivasan Mallika | 12.15M | $0 |
BLK Blackrock | 6.8M | $992.51M |
Vanguard | 6.45M | $942.42M |
Victory Capital Management | 2.85M | $416.06M |
LSV Asset Management | 2.77M | $404.78M |
Dimensional Fund Advisors | 2.07M | $302.72M |
Nordea Investment Management Ab | 2.04M | $302.1M |
AMP Ameriprise Financial | 1.75M | $255.33M |
STT State Street | 1.67M | $244.5M |
FMR | 1.58M | $230.29M |
Financial report summary
?Risks
- We may be unable to renew or replace expiring contracts at favorable rates or on a long-term basis.
- If third-party pipelines and other facilities interconnected to our assets become unavailable to transport natural gas, our business, financial condition and results of operations could be materially adversely affected.
- Our operations are subject to operational hazards, unforeseen interruptions and damage caused by third parties and natural events. If a significant accident or event occurs that results in a business interruption or damage to our pipelines, storage and gathering systems, the facilities of our customers or other interconnected pipelines and facilities, our business, financial condition and results of operations could be materially adversely affected.
- Expansion projects or acquisitions that are expected to be accretive may nevertheless reduce our cash from operations and could materially adversely affect our business, financial condition and results of operations.
- We have entered into joint ventures, and may in the future enter into additional or modify existing joint ventures, which might restrict our operational and corporate flexibility. In addition, these joint ventures are subject to most of the same operational risks to which we are subject.
- We do not own the majority of the land on which assets are located, which could disrupt our current and future operations.
- We face and will continue to face opposition to the development or operation of our assets from various groups.
- The expansion of our existing assets and construction of new assets is subject to economic, market, regulatory, environmental, political, and legal risks, which could materially adversely affect our business, financial condition and results of operations. If we are unable to complete expansion projects, our future growth may be limited.
- Failure to retain and attract key executives and other skilled professional and technical employees could materially adversely affect our business, financial condition and results of operations.
- The lack of diversification of our assets and geographic locations could materially adversely affect our business, financial condition and results of operations.
- We may not have access to additional financing sources on favorable terms, or at all, which could materially adversely affect our business, financial condition and results of operations, and independent third parties determine our credit ratings outside of our control.
- Fluctuations in energy prices could materially adversely affect our business, financial condition and results of operations.
- We are exposed to our customers’ credit risk and our credit risk management and contractual terms may be inadequate to protect against such risk.
- Our existing and future level of debt may limit our flexibility to obtain additional financing and to pursue other business opportunities.
- Increases in interest rates could increase our interest expense and may adversely affect our cash flows, our ability to service our indebtedness and our ability to pay dividends to our shareholders.
- Continuing inflation and cost increases may impact our sales margins and profitability.
- Restrictions under our existing or any future credit facilities, indentures and senior notes could adversely affect our business, financial condition, results of operations and ability to pay dividends to our shareholders.
- If our intangible assets or goodwill become impaired, we may be required to record a charge to earnings.
- The adoption of legislation and introduction of regulations relating to hydraulic fracturing and the enactment of new or increased severance taxes and impact fees on natural gas production could cause our current and potential customers to reduce the number of wells or curtail production of existing wells. If reductions are significant for those or other reasons, the reductions could materially adversely affect our business, financial condition and results of operations.
- Our operations are subject to environmental laws and regulations that may expose us to significant costs and liabilities and changes in these laws and regulations could materially adversely affect our business, financial condition and results of operations.
- Our natural gas transportation and storage operations are subject to extensive regulation by the FERC and state regulatory authorities and changes in FERC or state regulation could materially adversely affect our business, financial condition and results of operations.
- We are exposed to costs associated with lost and unaccounted-for volumes.
- A change in the jurisdictional characterization of our gathering assets may result in increased regulation by FERC, which could cause our revenues to decline and operating expenses to increase and could materially adversely affect our business, financial condition and results of operations.
- State and local legislative and regulatory initiatives relating to gas operations could adversely affect our services and customers’ production and therefore, materially adversely affect our business, financial condition and results of operations.
- Changes in tax laws or regulations may have a material adverse effect on our business, cash flow, financial condition or results of operations.
- Some of our operations cross the U.S./Canada border and are subject to cross-border regulation.
- We may incur significant costs and liabilities to maintain our pipeline integrity management program and related testing, pipeline repair, and preventative or remedial measures.
- Certain portions of our pipelines, storage and gathering infrastructure are aging, which could materially adversely affect our business, financial condition and results of operations.
- Our insurance policies do not cover all losses, costs or liabilities that we may experience, and there is no assurance that we will be able to purchase cost effective insurance in the future.
- We are subject to cyber security and data privacy laws, regulations, litigation and directives relating to our processing of personal data.
- A terrorist attack, armed conflict or cyber security event, or the threat of them, could harm our business.
- Customers’, legislators’ and regulators’ perceptions of us are affected by many factors, including environmental and safety concerns, pipeline reliability, protection of customer information, media coverage and public sentiment. Customers’, legislators’ or regulators’ negative opinion of us could materially adversely affect our business, financial condition and results of operations.
- A pandemic, epidemic or outbreak of an infectious disease, such as the COVID-19 pandemic, could materially adversely affect our business, financial condition and results of operations and we face numerous risks related to the COVID-19 pandemic.
- We could have an indemnification obligation to DTE Energy in accordance with the terms of the Tax Matters Agreement if the Distribution were determined not to qualify for non-recognition treatment for U.S. federal tax purposes, which could materially adversely affect our business, financial condition and results of operations
- We have only operated as an independent, publicly traded company since July 1, 2021, and our historical financial data is not necessarily representative of the results we would have achieved if we had been an independent, publicly traded company and may not be a reliable indicator of our future results.
- The Separation may expose us to potential liabilities arising out of state and U.S. federal fraudulent conveyance laws and legal dividend requirements.
- After the Separation, certain members of management and directors may face actual or potential conflicts of interest.
Management Discussion
- In November 2020, the SEC issued a final rule to modernize and simplify Management's Discussion and Analysis and certain financial disclosure requirements in SEC Regulation S-K. As permitted by this final rule, the analysis below reflects the optional approach to discuss results of operations in a sequential-quarter basis, which we believe will provide the most useful information to investors in assessing our quarterly results of operations going forward. Also, as required by the final rule, we have included the comparison of the current quarter to the prior-year quarter for this filing only, and we will cease to provide this comparison in future filings.
- For purposes of the following discussion, any increases or decreases refer to the comparison of the three months ended March 31, 2022 to the three months ended December 31, 2021, or to the three months ended March 31, 2021, as applicable.
- Operating revenues decreased compared to the three months ended December 31, 2021 in both our Pipeline and Gathering segments. Operating revenues increased compared to the three months ended March 31, 2021 in both our Pipeline and Gathering segments.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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Current reports
8-K
Submission of Matters to a Vote of Security Holders
9 May 22
8-K
DT Midstream Announces Quarterly Dividend
6 May 22
8-K
DT Midstream Reports First Quarter 2022 Results, Continues Strong Commercial Progress
5 May 22
8-K
DT Midstream Announces Closing of Private Offering of Senior Secured Notes
11 Apr 22
8-K
DT Midstream Announces Pricing of Private Offering of Senior Secured Notes
30 Mar 22
8-K
Departure of Directors or Certain Officers
14 Mar 22
8-K
Company Presentation February 2022
28 Feb 22
8-K
DT Midstream Announces Strong 2021 Results and Provides 2022 and 2023 Guidance
25 Feb 22
8-K
DT Midstream Announces Quarterly Dividend
9 Dec 21
8-K
DT Midstream Reports Strong Third Quarter 2021 Results
5 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
1 Jul 21
10-12B/A
Registration of securities (amended)
26 May 21
10-12B/A
Registration of securities (amended)
21 May 21
10-12B
Registration of securities
7 May 21
DRS/A
Draft registration statement (amended)
12 Apr 21
DRSLTR
Correspondence regarding draft registration statement
12 Apr 21
DRS/A
Draft registration statement (amended)
18 Mar 21
DRSLTR
Correspondence regarding draft registration statement
18 Mar 21
DRS
Draft registration statement
4 Feb 21
Other
CERT
Certification of approval for exchange listing
1 Jun 21
CORRESP
Correspondence with SEC
31 May 21
CORRESP
Correspondence with SEC
20 May 21
UPLOAD
Letter from SEC
17 May 21
CORRESP
Correspondence with SEC
6 May 21
UPLOAD
Letter from SEC
22 Apr 21
UPLOAD
Letter from SEC
30 Mar 21
UPLOAD
Letter from SEC
3 Mar 21
Ownership
4
DT Midstream / Melissa Cox ownership change
13 May 22
3
DT Midstream / Melissa Cox ownership change
13 May 22
4
DT Midstream / Elaine M Pickle ownership change
10 May 22
4
DT Midstream / Dwayne Andree Wilson ownership change
10 May 22
4
DT Midstream / Peter I Tumminello ownership change
10 May 22
4
DT Midstream / Wright Lassiter III ownership change
10 May 22
4
DT Midstream / Stephen W Baker ownership change
10 May 22
4
DT Midstream / Richard L Redmond Jr ownership change
25 Feb 22
4
DT Midstream / Wendy Ellis ownership change
25 Feb 22
4
DT Midstream / David Slater ownership change
25 Feb 22
Patents
Utility
Agricultural Apparatus
23 Jun 22
An agricultural apparatus including an agricultural vehicle and a trailed mowing apparatus.
Utility
Forage Harvester
23 Jun 22
A chopper drum assembly for a forage harvester including a chopper drum housing, a shear bar, a shear bar holder and a wear plate assembly.
Utility
Forage Harvester
23 Jun 22
A wear plate assembly for an agricultural harvester including a support element having a number of lateral regions, each lateral region being provided with a plurality of first engagement features, one or more replaceable wear plates provided on one side with a plurality of second engagement features for engagement with the first engagement features, and a plurality of fastenings to secure each replaceable wear plate to the support through the engagement features.
Utility
Utility Vehicle Cooling Fan Installation
23 Jun 22
A utility vehicle such as an agricultural tractor includes an engine, a heat exchanger, and a fan located under a hood.
Utility
Agricultural Sampling System and Related Methods
23 Jun 22
An automated computer-controlled sampling system and related methods for collecting, processing, and analyzing agricultural samples for various chemical properties such as plant available nutrients.
Transcripts
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
8 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q3
Earnings call transcript
3 Nov 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
5 May 20
Reddit threads
I'm now officially down 50% this year. Where are you at in this moment?
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Daily General Discussion and Advice Thread - May 26, 2022
26 May 22
Daily Discussion Thread - May 19, 2022
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Daily Discussion Thread - May 19th, 2022
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Daily Discussion - Thursday May 19 2022
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Daily Discussion Thread - May 18th, 2022
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Daily Discussion Thread - May 13th, 2022
13 May 22
Daily Discussion Thread - May 12th, 2022
12 May 22
(5/3) Tuesday's Pre-Market Stock Movers & News
3 May 22
Daily Discussion Thread - May 3rd, 2022
3 May 22