Cornerstone Capital Management Holdings LLC. raised its holdings in shares of AGCO Corporation (NYSE:AGCO) by 2,109.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,590 shares of the industrial products company’s stock after purchasing an additional 86,490 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.11% of AGCO Corporation worth $6,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AGCO. BlackRock Inc. increased its stake in shares of AGCO Corporation by 2,706.4% during the first quarter. BlackRock Inc. now owns 6,529,374 shares of the industrial products company’s stock valued at $392,938,000 after purchasing an additional 6,296,716 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of AGCO Corporation by 50.0% during the second quarter. Victory Capital Management Inc. now owns 2,600,116 shares of the industrial products company’s stock valued at $175,222,000 after purchasing an additional 866,708 shares in the last quarter. FMR LLC increased its stake in shares of AGCO Corporation by 23.6% during the second quarter. FMR LLC now owns 1,606,000 shares of the industrial products company’s stock valued at $108,228,000 after purchasing an additional 306,505 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of AGCO Corporation by 4.3% during the first quarter. Vanguard Group Inc. now owns 5,646,479 shares of the industrial products company’s stock valued at $339,804,000 after purchasing an additional 232,091 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of AGCO Corporation by 48.1% during the second quarter. Canada Pension Plan Investment Board now owns 699,503 shares of the industrial products company’s stock valued at $47,140,000 after purchasing an additional 227,300 shares in the last quarter. 80.73% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have weighed in on AGCO shares. Piper Jaffray Companies set a $66.00 target price on shares of AGCO Corporation and gave the company a “hold” rating in a research note on Wednesday, August 9th. UBS AG upgraded shares of AGCO Corporation from a “sell” rating to a “neutral” rating and increased their price target for the company from $52.00 to $68.00 in a report on Wednesday, June 21st. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price target (up previously from $88.00) on shares of AGCO Corporation in a report on Thursday, September 21st. TheStreet upgraded shares of AGCO Corporation from a “c+” rating to a “b+” rating in a report on Thursday, July 27th. Finally, BidaskClub upgraded shares of AGCO Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. AGCO Corporation presently has an average rating of “Hold” and a consensus price target of $68.23.

In other AGCO Corporation news, SVP Hans Bernd Veltmaat sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total transaction of $49,890.00. Following the sale, the senior vice president now owns 68,552 shares of the company’s stock, valued at approximately $4,560,079.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew H. Beck sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $72.18, for a total transaction of $721,800.00. Following the sale, the chief financial officer now directly owns 142,079 shares in the company, valued at approximately $10,255,262.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,750 shares of company stock worth $1,921,390. 16.60% of the stock is owned by insiders.

Shares of AGCO Corporation (NYSE:AGCO) opened at 74.55 on Wednesday. The company has a 50-day moving average of $70.82 and a 200 day moving average of $67.13. AGCO Corporation has a one year low of $48.93 and a one year high of $75.58. The stock has a market cap of $5.93 billion, a PE ratio of 32.60 and a beta of 0.86.

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 consensus estimate of $1.04 by $0.11. The company had revenue of $2.17 billion for 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%. AGCO Corporation’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 EPS. On average, analysts predict that AGCO Corporation will post $3.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, August 11th. AGCO Corporation’s dividend payout ratio is presently 24.56%.

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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