Agco Corp. (NYSE:AGCO) VP Gary L. Collar sold 2,309 shares of Agco Corp. stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $53.00, for a total transaction of $122,377.00. Following the completion of the sale, the vice president now directly owns 47,663 shares in the company, valued at approximately $2,526,139. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Agco Corp. (NYSE:AGCO) opened at 53.31 on Thursday. Agco Corp. has a 1-year low of $42.40 and a 1-year high of $56.00. The company has a market capitalization of $4.28 billion, a P/E ratio of 27.51 and a beta of 1.04. The firm has a 50-day moving average of $50.80 and a 200 day moving average of $49.81.

Agco Corp. (NYSE:AGCO) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.15. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.33 billion. Agco Corp. had a net margin of 2.20% and a return on equity of 6.85%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. On average, analysts anticipate that Agco Corp. will post $2.35 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.52 annualized dividend and a yield of 0.98%. Agco Corp.’s payout ratio is 26.94%.

Institutional investors have recently bought and sold shares of the stock. Moon Capital Management LLC boosted its position in shares of Agco Corp. by 1.5% in the second quarter. Moon Capital Management LLC now owns 79,228 shares of the company’s stock worth $3,734,000 after buying an additional 1,158 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Agco Corp. by 68.6% in the second quarter. James Investment Research Inc. now owns 56,310 shares of the company’s stock worth $2,654,000 after buying an additional 22,915 shares during the last quarter. Sarasin & Partners LLP boosted its position in shares of Agco Corp. by 9.7% in the second quarter. Sarasin & Partners LLP now owns 75,700 shares of the company’s stock worth $3,568,000 after buying an additional 6,700 shares during the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Agco Corp. during the second quarter worth approximately $276,000. Finally, Creative Planning boosted its position in shares of Agco Corp. by 14.3% in the second quarter. Creative Planning now owns 11,366 shares of the company’s stock worth $536,000 after buying an additional 1,421 shares during the last quarter. 89.03% of the stock is owned by institutional investors.

A number of research firms recently weighed in on AGCO. Morgan Stanley set a $54.00 price objective on shares of Agco Corp. and gave the company a “hold” rating in a research note on Saturday, September 17th. Piper Jaffray Cos. lowered shares of Agco Corp. from a “neutral” rating to an “underweight” rating and set a $37.00 price objective for the company. in a research note on Monday, July 25th. Barclays PLC boosted their price target on shares of Agco Corp. from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 12th. Deutsche Bank AG reduced their price target on shares of Agco Corp. from $54.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. Finally, Zacks Investment Research lowered shares of Agco Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $49.00.

About Agco Corp.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems.

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