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

From the Filing

0001104659-24-020198.txt : 20240213 0001104659-24-020198.hdr.sgml : 20240213 20240213165848 ACCESSION NUMBER: 0001104659-24-020198 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AGCO CORP /DE CENTRAL INDEX KEY: 0000880266 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 581960019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43776 FILM NUMBER: 24627329 BUSINESS ADDRESS: STREET 1: 4205 RIVER GREEN PKWAY CITY: DULUTH STATE: GA ZIP: 30096 BUSINESS PHONE: 7708139200 MAIL ADDRESS: STREET 1: 4205 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30096 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0201-agcocorp.htm SCHEDULE 13G/A agcocorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  AGCO Corp Title of Class of Securities:  Common Stock CUSIP Number:  001084102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  001084102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 26,475 7.  SOLE DISPOSITIVE POWER 6,686,773 8.  SHARED DISPOSITIVE POWER 93,724 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,780,497 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.06% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: AGCO Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 4205 River Green Parkway Duluth, GA 30096-2563 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 001084102 Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1.&#