Insider Selling: AGCO Co. (NYSE:AGCO) VP Sells 2,567 Shares of Stock

AGCO Co. (NYSE:AGCO) VP Richard Robinson Smith sold 2,567 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $67.72, for a total transaction of $173,837.24. Following the transaction, the vice president now owns 33,431 shares in the company, valued at approximately $2,263,947.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AGCO Co. (AGCO) traded up $0.72 during mid-day trading on Friday, reaching $68.28. 220,095 shares of the company traded hands, compared to its average volume of 794,811. The stock has a market cap of $5,420.00, a P/E ratio of 29.31, a PEG ratio of 1.44 and a beta of 0.77. AGCO Co. has a 52 week low of $58.00 and a 52 week high of $75.95. The company has a quick ratio of 0.66, a current ratio of 1.37 and a debt-to-equity ratio of 0.52.

AGCO (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.40 billion. AGCO had a return on equity of 8.04% and a net margin of 2.24%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. analysts predict that AGCO Co. will post 3.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.15 per share. This is an increase from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. AGCO’s dividend payout ratio (DPR) is 25.86%.

A number of analysts have commented on AGCO shares. BMO Capital Markets reduced their target price on shares of AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Credit Suisse Group dropped their target price on shares of AGCO from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Barclays started coverage on shares of AGCO in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $75.00 target price for the company. Goldman Sachs Group upgraded shares of AGCO from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, November 30th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $79.00 price objective on shares of AGCO in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $73.07.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of AGCO by 37.1% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,800 shares of the industrial products company’s stock valued at $343,000 after buying an additional 1,300 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of AGCO in the 4th quarter valued at about $2,980,000. Gotham Asset Management LLC acquired a new stake in AGCO in the 4th quarter worth approximately $326,000. Millennium Management LLC boosted its stake in AGCO by 470.8% in the 4th quarter. Millennium Management LLC now owns 701,499 shares of the industrial products company’s stock worth $50,108,000 after purchasing an additional 578,604 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in AGCO by 20.0% in the 4th quarter. Meadow Creek Investment Management LLC now owns 7,728 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 1,288 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/23/agco-co-agco-vp-richard-robinson-smith-sells-2567-shares.html.

About AGCO

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.

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

Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply