AGCO Corporation (AGCO) Shares Sold by AHL Partners LLP
AHL Partners LLP lowered its stake in AGCO Corporation (NYSE:AGCO) by 27.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,700 shares of the industrial products company’s stock after selling 2,147 shares during the quarter. AHL Partners LLP’s holdings in AGCO Corporation were worth $384,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC bought a new stake in shares of AGCO Corporation in the 2nd quarter valued at $165,000. Advisor Partners LLC bought a new stake in shares of AGCO Corporation in the 2nd quarter valued at $212,000. PNC Financial Services Group Inc. increased its stake in shares of AGCO Corporation by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,367 shares of the industrial products company’s stock valued at $203,000 after acquiring an additional 106 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of AGCO Corporation in the 2nd quarter valued at $229,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of AGCO Corporation by 59.1% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.
Several analysts have recently weighed in on AGCO shares. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 price objective on shares of AGCO Corporation in a research note on Thursday, August 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $86.00 price objective (down previously from $90.00) on shares of AGCO Corporation in a research note on Monday, October 9th. BidaskClub lowered shares of AGCO Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. William Blair upgraded shares of AGCO Corporation from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 11th. Finally, J P Morgan Chase & Co lowered shares of AGCO Corporation from a “neutral” rating to an “underweight” rating and set a $65.00 price objective for the company. in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $68.29.
In other news, SVP Hans Bernd Veltmaat sold 750 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 68,552 shares in the company, valued at $4,560,079.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total value 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 disclosure for this sale can be found here. Insiders have sold 26,750 shares of company stock valued at $1,921,390 over the last 90 days. Corporate insiders own 16.60% of the company’s stock.
Shares of AGCO Corporation (AGCO) opened at 70.82 on Friday. The company has a 50-day moving average of $71.98 and a 200 day moving average of $67.75. The firm has a market cap of $5.63 billion, a P/E ratio of 30.97 and a beta of 0.86. AGCO Corporation has a 52-week low of $48.93 and a 52-week high of $75.58.
AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.08 billion. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, equities analysts expect that AGCO Corporation will post $3.06 earnings per share for the current year.
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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.
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