Federated Investors Inc. PA reduced its stake in AGCO Corporation (NYSE:AGCO) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,197 shares of the industrial products company’s stock after selling 7,855 shares during the period. Federated Investors Inc. PA owned about 0.12% of AGCO Corporation worth $6,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AGCO. World Asset Management Inc increased its stake in AGCO Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 5,189 shares of the industrial products company’s stock valued at $312,000 after buying an additional 36 shares in the last quarter. Capstone Asset Management Co. increased its stake in AGCO Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,140 shares of the industrial products company’s stock valued at $490,000 after buying an additional 50 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in AGCO Corporation by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,584 shares of the industrial products company’s stock valued at $577,000 after buying an additional 61 shares in the last quarter. Utah Retirement Systems increased its stake in AGCO Corporation by 0.8% in the first quarter. Utah Retirement Systems now owns 12,764 shares of the industrial products company’s stock valued at $769,000 after buying an additional 100 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 during the period. 80.68% of the stock is owned by institutional investors and hedge funds.

AGCO Corporation (NYSE:AGCO) opened at 67.90 on Thursday. The company has a 50-day moving average of $70.21 and a 200-day moving average of $64.92. The company has a market capitalization of $5.40 billion, a P/E ratio of 29.69 and a beta of 0.86. AGCO Corporation has a 1-year low of $46.22 and a 1-year high of $73.97.

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

The company 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. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.56 annualized dividend and a yield of 0.82%. AGCO Corporation’s dividend payout ratio (DPR) is 24.56%.

TRADEMARK VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/31/federated-investors-inc-pa-sells-7855-shares-of-agco-corporation-agco.html.

Several equities analysts have recently commented on AGCO shares. UBS AG reaffirmed a “sell” rating and set a $52.00 price objective (up from $38.00) on shares of AGCO Corporation in a research note on Friday, May 5th. BMO Capital Markets upped their price objective on shares of AGCO Corporation from $55.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price objective on shares of AGCO Corporation in a research note on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $64.00 price objective on shares of AGCO Corporation in a research note on Tuesday, June 6th. Finally, BidaskClub raised shares of AGCO Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. AGCO Corporation has a consensus rating of “Hold” and an average target price of $64.80.

In related news, CFO Andrew H. Beck sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $72.18, for a total value of $721,800.00. Following the sale, the chief financial officer now owns 142,079 shares of the company’s stock, valued at $10,255,262.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total transaction of $1,076,700.00. Following the completion of the sale, the senior vice president now directly owns 89,322 shares in the company, valued at approximately $6,411,533.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,750 shares of company stock worth $1,921,390. 16.60% of the stock is 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)

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