Victory Capital Management Inc. raised its stake in shares of AGCO Corporation (NYSE:AGCO) by 50.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,600,116 shares of the industrial products company’s stock after buying an additional 866,708 shares during the period. Victory Capital Management Inc. owned about 3.27% of AGCO Corporation worth $175,222,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AGCO. Daiwa Securities Group Inc. raised its stake in AGCO Corporation by 22.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the industrial products company’s stock valued at $132,000 after buying an additional 400 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in AGCO Corporation by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock valued at $203,000 after buying an additional 106 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in AGCO Corporation by 59.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the industrial products company’s stock valued at $211,000 after buying an additional 1,300 shares in the last quarter. Advisor Partners LLC purchased a new stake in AGCO Corporation during the second quarter valued at $212,000. Finally, Eqis Capital Management Inc. purchased a new stake in AGCO Corporation during the first quarter valued at $246,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AGCO Corporation (NYSE AGCO) remained flat at $67.94 on Wednesday. 46,500 shares of the company’s stock traded hands. The company has a 50 day moving average price of $70.39 and a 200 day moving average price of $64.84. AGCO Corporation has a 12-month low of $46.22 and a 12-month high of $73.97. The company has a market cap of $5.40 billion, a P/E ratio of 29.71 and a beta of 0.86.

AGCO Corporation (NYSE:AGCO) last posted its earnings results on Thursday, July 27th. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.04 by $0.11. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.08 billion. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. AGCO Corporation’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. Equities research analysts anticipate that AGCO Corporation will post $3.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, August 11th. AGCO Corporation’s dividend payout ratio (DPR) is presently 24.56%.

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Several equities research analysts recently weighed in on the company. BidaskClub lowered AGCO Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies set a $66.00 price target on AGCO Corporation and gave the company a “hold” rating in a research report on Wednesday, August 9th. UBS AG restated a “neutral” rating and set a $73.00 price target (up from $68.00) on shares of AGCO Corporation in a research report on Monday, July 31st. BMO Capital Markets lifted their price target on AGCO Corporation from $70.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Finally, TheStreet upgraded AGCO Corporation from a “c+” rating to a “b+” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. AGCO Corporation currently has an average rating of “Hold” and an average price target of $64.80.

In other AGCO Corporation news, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $71.78, for a total transaction of $1,076,700.00. Following the transaction, the senior vice president now owns 89,322 shares of the company’s stock, valued at $6,411,533.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Lucinda B. Smith sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total value of $73,000.00. Following the transaction, the senior vice president now directly owns 38,877 shares in the company, valued at approximately $2,838,021. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock worth $1,871,500 in the last three months. 16.60% of the stock is currently owned by corporate insiders.

AGCO Corporation Company 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 Corporation (NYSE:AGCO)

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