Susquehanna International Group LLP lifted its holdings in AGCO Corporation (NYSE:AGCO) by 256.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,123 shares of the industrial products company’s stock after acquiring an additional 12,323 shares during the period. Susquehanna International Group LLP’s holdings in AGCO Corporation were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. BlueMountain Capital Management LLC bought a new position in shares of AGCO Corporation in the 2nd quarter worth about $165,000. PNC Financial Services Group Inc. raised its position in shares of AGCO Corporation by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock worth $203,000 after acquiring an additional 106 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of AGCO Corporation by 59.1% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 1,300 shares in the last quarter. Advisor Partners LLC bought a new position in shares of AGCO Corporation in the 2nd quarter worth about $212,000. Finally, Numeric Investors LLC bought a new position in shares of AGCO Corporation in the 2nd quarter worth about $229,000. 80.73% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the company. UBS AG raised AGCO Corporation from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $52.00 to $68.00 in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $66.00 price objective on AGCO Corporation and gave the stock a “hold” rating in a research report on Wednesday, August 9th. BidaskClub raised AGCO Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered AGCO Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $86.00 price objective (down from $90.00) on shares of AGCO Corporation in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.23.
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AGCO Corporation (NYSE:AGCO) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.11. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. AGCO Corporation’s revenue was up 8.5% on a year-over-year basis.
In related news, SVP Hans Bernd Veltmaat sold 750 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total value of $49,890.00. Following the completion of the transaction, the senior vice president now directly owns 68,552 shares of the company’s stock, valued at $4,560,079.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Lucinda B. Smith sold 1,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total transaction of $73,000.00. Following the completion of the transaction, the senior vice president now directly owns 38,877 shares of the company’s stock, valued at $2,838,021. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,750 shares of company stock valued at $1,921,390. 16.60% of the stock is owned by insiders.
AGCO Corporation Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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