Canada Pension Plan Investment Board lessened its stake in shares of AGCO Corporation (NYSE:AGCO) by 4.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 669,303 shares of the industrial products company’s stock after selling 30,200 shares during the period. Canada Pension Plan Investment Board owned 0.84% of AGCO Corporation worth $49,374,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC acquired a new position in AGCO Corporation during the second quarter worth $165,000. PNC Financial Services Group Inc. raised its holdings in AGCO Corporation by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock worth $203,000 after buying an additional 106 shares during the last quarter. Advisor Partners LLC acquired a new position in AGCO Corporation during the second quarter worth $212,000. Numeric Investors LLC acquired a new position in AGCO Corporation during the second quarter worth $229,000. Finally, Riverhead Capital Management LLC raised its holdings in AGCO Corporation by 69.7% during the second quarter. Riverhead Capital Management LLC now owns 3,563 shares of the industrial products company’s stock worth $240,000 after buying an additional 1,463 shares during the last quarter. Institutional investors own 80.80% of the company’s stock.
In other AGCO Corporation news, SVP Lucinda B. Smith sold 1,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were 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 owns 38,877 shares in the company, valued at $2,838,021. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hans Bernd Veltmaat sold 750 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total transaction of $49,890.00. Following the transaction, the senior vice president now owns 68,552 shares of the company’s stock, valued at approximately $4,560,079.04. The disclosure for this sale can be found here. 16.60% of the stock is owned by company insiders.
Several research analysts have weighed in on the stock. UBS Group AG (USA) restated a “neutral” rating and set a $73.00 price objective (up previously from $68.00) on shares of AGCO Corporation in a report on Monday, July 31st. Piper Jaffray Companies set a $66.00 target price on shares of AGCO Corporation and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of AGCO Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $73.00 target price on shares of AGCO Corporation in a report on Wednesday. Finally, BMO Capital Markets increased their target price on shares of AGCO Corporation from $70.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $69.07.
AGCO Corporation (NYSE:AGCO) opened at $69.00 on Friday. The firm has a market cap of $5.49 billion, a PE ratio of 25.00, a P/E/G ratio of 1.72 and a beta of 0.82. The company has a current ratio of 1.51, a quick ratio of 0.72 and a debt-to-equity ratio of 0.63. AGCO Corporation has a 1 year low of $49.04 and a 1 year high of $75.58.
AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.07. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.92 billion. AGCO Corporation had a net margin of 2.59% and a return on equity of 7.50%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. equities analysts forecast that AGCO Corporation will post 3.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.81%. AGCO Corporation’s dividend payout ratio is presently 22.05%.
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.
What are top analysts saying about AGCO Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AGCO Corporation and related companies.