HighTower Advisors LLC boosted its holdings in shares of AGCO Corporation (NYSE:AGCO) by 12.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,618 shares of the industrial products company’s stock after buying an additional 1,519 shares during the period. HighTower Advisors LLC’s holdings in AGCO Corporation were worth $919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of AGCO Corporation by 1.6% in the 1st quarter. Wells Fargo & Company MN now owns 33,326 shares of the industrial products company’s stock valued at $2,006,000 after purchasing an additional 527 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of AGCO Corporation by 0.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 181,921 shares of the industrial products company’s stock valued at $10,948,000 after purchasing an additional 1,684 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AGCO Corporation by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 358,573 shares of the industrial products company’s stock valued at $21,578,000 after purchasing an additional 30,939 shares in the last quarter. KBC Group NV boosted its stake in shares of AGCO Corporation by 27.7% in the 1st quarter. KBC Group NV now owns 12,020 shares of the industrial products company’s stock valued at $723,000 after purchasing an additional 2,610 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of AGCO Corporation by 203.8% in the 1st quarter. Prudential Financial Inc. now owns 119,570 shares of the industrial products company’s stock valued at $7,196,000 after purchasing an additional 80,210 shares in the last quarter. Hedge funds and other institutional investors own 80.73% of the company’s stock.

AGCO Corporation (AGCO) opened at 71.48 on Friday. The company has a market capitalization of $5.69 billion, a PE ratio of 31.25 and a beta of 0.86. The company has a 50 day moving average price of $71.37 and a 200-day moving average price of $67.34. AGCO Corporation has a 12-month low of $48.93 and a 12-month high of $75.58.

AGCO Corporation (NYSE:AGCO) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.11. The business 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 was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. On average, analysts anticipate that AGCO Corporation will post $3.06 EPS for the current year.

Several brokerages have recently commented on AGCO. UBS AG upgraded shares of AGCO Corporation from a “sell” rating to a “neutral” rating and boosted their target price for the company from $52.00 to $68.00 in a research note on Wednesday, June 21st. Bank of America Corporation downgraded shares of AGCO Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $74.65 to $70.00 in a research note on Friday. BidaskClub downgraded shares of AGCO Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. 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. Finally, BMO Capital Markets boosted their target price on shares of AGCO Corporation from $70.00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $68.36.

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In other news, CFO Andrew H. Beck sold 10,000 shares of AGCO Corporation stock in a transaction dated 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 of the company’s stock, valued at $10,255,262.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Hans Bernd Veltmaat sold 750 shares of AGCO Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $66.52, for a total value of $49,890.00. Following the sale, the senior vice president now directly owns 68,552 shares in the company, valued at $4,560,079.04. The disclosure for this sale can be found here. Insiders have sold 26,750 shares of company stock worth $1,921,390 over the last three months. Insiders own 16.60% of the company’s stock.

About AGCO Corporation

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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