Vanguard Group Maintains 8.9% Stake in AGCO Corp

TL;DR

**Vanguard still owns 8.9% of AGCO, showing continued confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in AGCO Corp (Common Stock, CUSIP 001084102) as of December 29, 2023. Vanguard now beneficially owns 6,713,250 shares, representing 8.9% of AGCO's outstanding common stock. This is an update to their previous filing, indicating a slight adjustment in their holdings and reaffirming their significant stake in the farm machinery and equipment company.

Why It Matters

This filing shows that a major institutional investor like Vanguard continues to hold a substantial position in AGCO, which can signal confidence in the company's long-term prospects to other investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note that a major institutional holder like Vanguard continues to hold a substantial position in AGCO, suggesting long-term confidence, but this filing itself doesn't warrant immediate action.

Key Numbers

• 6,713,250 — Total shares beneficially owned (Represents Vanguard's total ownership in AGCO Corp as of December 29, 2023.)
• 8.9% — Percentage of class outstanding (Indicates Vanguard's significant stake in AGCO Corp.)
• 0 — Sole Voting Power (Vanguard holds no sole voting power over AGCO shares.)
• 26,475 — Shared Voting Power (Vanguard shares voting power over this number of AGCO shares.)
• 6,686,775 — Sole Dispositive Power (Vanguard has sole power to dispose of this number of AGCO shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• AGCO Corp (company) — subject company, farm machinery & equipment manufacturer
• Pennsylvania (company) — place of organization for The Vanguard Group
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the filing was made

Forward-Looking Statements

• Vanguard will likely maintain a significant stake in AGCO Corp for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-02-13

FAQ

Filing Documents

• tv0201-agcocorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020198.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: AGCO Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4205 River Green Parkway Duluth, GA 30096-2563

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 001084102

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR