Macquarie Group Ltd. Holds Position in AGCO Corporation (AGCO)

Macquarie Group Ltd. held its stake in AGCO Corporation (NYSE:AGCO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,500 shares of the industrial products company’s stock at the close of the 2nd quarter. Macquarie Group Ltd.’s holdings in AGCO Corporation were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGCO. Teachers Advisors LLC increased its holdings in AGCO Corporation by 4.1% in the first quarter. Teachers Advisors LLC now owns 405,112 shares of the industrial products company’s stock worth $24,380,000 after purchasing an additional 15,808 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in AGCO Corporation by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock worth $203,000 after purchasing an additional 106 shares in the last quarter. Renaissance Technologies LLC increased its holdings in AGCO Corporation by 33.2% in the first quarter. Renaissance Technologies LLC now owns 311,800 shares of the industrial products company’s stock worth $18,764,000 after purchasing an additional 77,700 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in AGCO Corporation by 6.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 243,848 shares of the industrial products company’s stock worth $14,675,000 after purchasing an additional 14,879 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in AGCO Corporation by 182.0% in the first quarter. HighTower Advisors LLC now owns 12,099 shares of the industrial products company’s stock worth $730,000 after purchasing an additional 7,809 shares in the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.

AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. AGCO Corporation had a return on equity of 7.50% and a net margin of 2.59%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 14th. AGCO Corporation’s dividend payout ratio (DPR) is presently 22.05%.

In related news, SVP Hans Bernd Veltmaat sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total transaction of $49,890.00. Following the completion of the transaction, the senior vice president now owns 68,552 shares of the company’s stock, valued at approximately $4,560,079.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Lucinda B. Smith sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $73.00, for a total value of $73,000.00. Following the transaction, the senior vice president now directly owns 38,877 shares of the company’s stock, valued at approximately $2,838,021. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,750 shares of company stock valued at $844,690. 16.60% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on AGCO. Piper Jaffray Companies set a $68.00 target price on AGCO Corporation and gave the stock a “hold” rating in a report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $73.00 price objective on shares of AGCO Corporation in a research note on Wednesday. BidaskClub cut AGCO Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. UBS AG set a $72.00 price objective on AGCO Corporation and gave the company a “hold” rating in a research note on Saturday, October 21st. Finally, Bank of America Corporation cut AGCO Corporation from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $74.65 to $70.00 in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $69.07.

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AGCO Corporation 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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Institutional Ownership by Quarter for AGCO Corporation (NYSE:AGCO)

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