TIAA CREF Investment Management LLC lowered its stake in shares of AGCO Corporation (NYSE:AGCO) by 9.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,072,869 shares of the industrial products company’s stock after selling 112,715 shares during the quarter. TIAA CREF Investment Management LLC owned 1.35% of AGCO Corporation worth $72,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of AGCO. World Asset Management Inc increased its holdings 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 during the last quarter. Raymond James Trust N.A. increased its holdings in AGCO Corporation by 0.9% in the second quarter. Raymond James Trust N.A. now owns 6,427 shares of the industrial products company’s stock valued at $434,000 after buying an additional 56 shares during the last quarter. Utah Retirement Systems increased its holdings 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings 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 during the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in AGCO Corporation by 3.6% in the second quarter. Eqis Capital Management Inc. now owns 4,239 shares of the industrial products company’s stock valued at $286,000 after buying an additional 147 shares during the last quarter. 80.67% of the stock is currently owned by institutional investors and hedge funds.

AGCO Corporation (NYSE AGCO) opened at 70.39 on Monday. The firm’s 50 day moving average price is $69.19 and its 200 day moving average price is $65.39. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 30.78 and a beta of 0.88. AGCO Corporation has a one year low of $46.64 and a one year high of $73.97.

AGCO Corporation (NYSE:AGCO) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.11. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities analysts forecast that AGCO Corporation will post $3.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, August 11th. AGCO Corporation’s payout ratio is currently 24.56%.

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AGCO has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on AGCO Corporation from $55.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, May 30th. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 target price on shares of AGCO Corporation in a report on Wednesday, May 31st. Royal Bank Of Canada reissued a “hold” rating and issued a $64.00 target price on shares of AGCO Corporation in a report on Tuesday, June 6th. BidaskClub raised AGCO Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Bank of America Corporation raised AGCO Corporation from an “underperform” rating to a “neutral” rating in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. AGCO Corporation currently has an average rating of “Hold” and an average price target of $66.57.

In other news, SVP Lucinda B. Smith sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $73.00, for a total value of $73,000.00. Following the completion of the sale, the senior vice president now owns 38,877 shares of the company’s stock, valued at approximately $2,838,021. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hans Bernd Veltmaat sold 750 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total transaction of $49,890.00. Following the completion of the sale, the senior vice president now directly owns 68,552 shares of the company’s stock, valued at approximately $4,560,079.04. The disclosure for this sale can be found here. Insiders sold a total of 26,750 shares of company stock valued at $1,921,390 in the last three months. Insiders own 16.60% of the company’s stock.

AGCO Corporation 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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