Canada Pension Plan Investment Board Reduces Position in AGCO Corporation (AGCO)

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.

ILLEGAL ACTIVITY WARNING: “Canada Pension Plan Investment Board Reduces Position in AGCO Corporation (AGCO)” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2017/11/04/canada-pension-plan-investment-board-reduces-position-in-agco-corporation-agco.html.

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.

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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit