AGCO Co. (NYSE:AGCO) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in AGCO Co. (NYSE:AGCOGet Rating) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,965 shares of the industrial products company’s stock after selling 7,679 shares during the period. California Public Employees Retirement System owned approximately 0.16% of AGCO worth $12,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Strs Ohio lifted its stake in shares of AGCO by 6.3% in the 2nd quarter. Strs Ohio now owns 10,243 shares of the industrial products company’s stock valued at $1,010,000 after purchasing an additional 608 shares during the last quarter. Yousif Capital Management LLC lifted its stake in AGCO by 1.5% during the 1st quarter. Yousif Capital Management LLC now owns 34,077 shares of the industrial products company’s stock worth $4,976,000 after acquiring an additional 502 shares in the last quarter. CHICAGO TRUST Co NA lifted its stake in AGCO by 68.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,625 shares of the industrial products company’s stock worth $259,000 after acquiring an additional 1,070 shares in the last quarter. MetLife Investment Management LLC lifted its stake in AGCO by 34.4% during the 1st quarter. MetLife Investment Management LLC now owns 39,979 shares of the industrial products company’s stock worth $5,838,000 after acquiring an additional 10,241 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in AGCO by 7.1% during the 1st quarter. Scotia Capital Inc. now owns 13,743 shares of the industrial products company’s stock worth $2,007,000 after acquiring an additional 907 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling

In related news, Director George E. Minnich sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $123.70, for a total transaction of $185,550.00. Following the transaction, the director now owns 12,543 shares in the company, valued at approximately $1,551,569.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Robert B. Crain sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $107.22, for a total transaction of $750,540.00. Following the transaction, the senior vice president now owns 48,026 shares in the company, valued at approximately $5,149,347.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George E. Minnich sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $123.70, for a total value of $185,550.00. Following the sale, the director now directly owns 12,543 shares of the company’s stock, valued at $1,551,569.10. The disclosure for this sale can be found here. 17.40% of the stock is currently owned by company insiders.

AGCO Trading Down 0.4 %

AGCO opened at $123.27 on Monday. AGCO Co. has a one year low of $88.55 and a one year high of $150.28. The company has a market cap of $9.20 billion, a P/E ratio of 10.88, a PEG ratio of 1.09 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.58. The business’s 50-day simple moving average is $111.88 and its 200-day simple moving average is $111.00.

AGCO (NYSE:AGCOGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.06. AGCO had a return on equity of 23.61% and a net margin of 7.13%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that AGCO Co. will post 11.85 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, November 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.78%. AGCO’s dividend payout ratio is presently 8.47%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AGCO. Stifel Nicolaus decreased their target price on AGCO from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, September 28th. Deutsche Bank Aktiengesellschaft decreased their target price on AGCO from $137.00 to $129.00 in a research note on Wednesday, November 2nd. StockNews.com raised AGCO from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. Credit Suisse Group upped their price target on AGCO from $126.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, November 2nd. Finally, Citigroup upped their price target on AGCO to $125.00 in a report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, AGCO presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.25.

AGCO Company Profile

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AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.

See Also

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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