Insider Selling: AGCO Co. (NYSE:AGCO) Chairman Sells $3,471,300.00 in Stock

AGCO Co. (NYSE:AGCO) Chairman Martin Richenhagen sold 45,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $77.14, for a total transaction of $3,471,300.00. Following the sale, the chairman now directly owns 447,317 shares of the company’s stock, valued at approximately $34,506,033.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Martin Richenhagen also recently made the following trade(s):

  • On Thursday, June 13th, Martin Richenhagen sold 51,000 shares of AGCO stock. The stock was sold at an average price of $71.60, for a total transaction of $3,651,600.00.
  • On Monday, May 13th, Martin Richenhagen sold 51,000 shares of AGCO stock. The stock was sold at an average price of $70.43, for a total transaction of $3,591,930.00.

AGCO stock opened at $75.45 on Friday. The company has a market capitalization of $5.82 billion, a PE ratio of 19.40, a P/E/G ratio of 1.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 0.54. AGCO Co. has a 12 month low of $49.50 and a 12 month high of $79.00. The business has a 50-day moving average of $74.04.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.44. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Sell-side analysts forecast that AGCO Co. will post 4.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. AGCO’s dividend payout ratio (DPR) is presently 16.45%.

Several equities research analysts recently weighed in on AGCO shares. Zacks Investment Research cut shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Royal Bank of Canada set a €86.00 ($100.00) price objective on shares of Henkel AG & Co KGaA and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Citigroup upped their price objective on shares of SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Jefferies Financial Group raised shares of AGCO from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $90.00 in a report on Monday, June 24th. Finally, Morgan Stanley increased their target price on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. AGCO has a consensus rating of “Hold” and a consensus price target of $74.08.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its holdings in AGCO by 116.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 771 shares of the industrial products company’s stock valued at $43,000 after buying an additional 415 shares during the last quarter. Investors Research Corp bought a new position in AGCO in the 1st quarter valued at approximately $94,000. Quadrant Capital Group LLC raised its holdings in AGCO by 83.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,488 shares of the industrial products company’s stock valued at $97,000 after buying an additional 678 shares during the last quarter. Private Capital Group LLC raised its holdings in AGCO by 51.3% in the 1st quarter. Private Capital Group LLC now owns 1,652 shares of the industrial products company’s stock valued at $115,000 after buying an additional 560 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in AGCO in the 1st quarter valued at approximately $203,000. Institutional investors and hedge funds own 80.60% of the company’s stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses.

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Insider Buying and Selling by Quarter for AGCO (NYSE:AGCO)

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