Lodge Hill Capital LLC Purchases New Stake in AGCO Corporation (AGCO)

Lodge Hill Capital LLC purchased a new position in shares of AGCO Corporation (NYSE:AGCO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 230,000 shares of the industrial products company’s stock, valued at approximately $16,967,000. AGCO accounts for about 1.3% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 22nd biggest holding. Lodge Hill Capital LLC owned 0.29% of AGCO at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG grew its holdings in shares of AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after buying an additional 1,061 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of AGCO during the third quarter worth about $1,534,000. Tredje AP fonden grew its holdings in shares of AGCO by 42.3% during the third quarter. Tredje AP fonden now owns 23,229 shares of the industrial products company’s stock worth $1,714,000 after buying an additional 6,910 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of AGCO by 13.4% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 7,476 shares of the industrial products company’s stock worth $552,000 after buying an additional 882 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of AGCO by 362.5% during the third quarter. KBC Group NV now owns 69,945 shares of the industrial products company’s stock worth $5,159,000 after buying an additional 54,823 shares in the last quarter. 82.63% of the stock is currently owned by institutional investors.

In other AGCO news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $70.72, for a total value of $495,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.60% of the stock is owned by company insiders.

A number of research analysts recently issued reports on AGCO shares. Piper Jaffray Companies set a $66.00 price objective on AGCO and gave the stock a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $73.00 price objective on shares of AGCO in a report on Wednesday, November 1st. Deutsche Bank reiterated a “buy” rating and set a $90.00 price objective (up from $88.00) on shares of AGCO in a report on Thursday, September 21st. UBS reiterated a “neutral” rating on shares of AGCO in a report on Friday, October 20th. Finally, Bank of America downgraded AGCO from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $74.65 to $70.00 in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $70.47.

AGCO Corporation (NYSE AGCO) opened at $72.39 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 0.70. The firm has a market capitalization of $5,758.58, a P/E ratio of 26.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.83. AGCO Corporation has a one year low of $56.31 and a one year high of $75.58.

AGCO (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 Zacks’ consensus estimate of $0.72 by $0.07. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.92 billion. AGCO had a return on equity of 7.50% and a net margin of 2.59%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. equities research analysts predict that AGCO Corporation will post 3.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.77%. AGCO’s dividend payout ratio is 22.05%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/04/lodge-hill-capital-llc-purchases-new-stake-in-agco-corporation-agco.html.

AGCO 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 (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