AGCO Corporation (NYSE:AGCO) Shares Bought by Aperio Group LLC

Aperio Group LLC raised its position in shares of AGCO Corporation (NYSE:AGCO) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,045 shares of the industrial products company’s stock after buying an additional 1,381 shares during the period. Aperio Group LLC’s holdings in AGCO Corporation were worth $2,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of AGCO Corporation by 2,706.4% in the first quarter. BlackRock Inc. now owns 6,529,374 shares of the industrial products company’s stock worth $392,938,000 after buying an additional 6,296,716 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of AGCO Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 5,646,479 shares of the industrial products company’s stock worth $339,804,000 after buying an additional 232,091 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AGCO Corporation by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,791,183 shares of the industrial products company’s stock worth $167,973,000 after buying an additional 46,690 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of AGCO Corporation during the first quarter worth about $104,317,000. Finally, Thrivent Financial For Lutherans increased its stake in shares of AGCO Corporation by 2.9% in the first quarter. Thrivent Financial For Lutherans now owns 1,181,275 shares of the industrial products company’s stock worth $71,089,000 after buying an additional 32,890 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Shares of AGCO Corporation (NYSE AGCO) opened at 66.61 on Friday. The company has a 50 day moving average price of $70.40 and a 200 day moving average price of $64.77. The company has a market capitalization of $5.30 billion, a P/E ratio of 29.13 and a beta of 0.86. AGCO Corporation has a 12-month low of $46.22 and a 12-month high of $73.97.

AGCO Corporation (NYSE:AGCO) last posted its earnings results on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.11. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the company earned $1.25 EPS. AGCO Corporation’s revenue was up 8.5% on a year-over-year basis. Equities analysts anticipate that AGCO Corporation will post $3.05 EPS for the current 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 paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, August 11th. AGCO Corporation’s payout ratio is 24.56%.

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A number of analysts recently issued reports on AGCO shares. Citigroup Inc. raised their price target on AGCO Corporation from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, May 1st. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price target on shares of AGCO Corporation in a research report on Wednesday, May 31st. Piper Jaffray Companies set a $66.00 price target on AGCO Corporation and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “hold” rating and issued a $64.00 price target on shares of AGCO Corporation in a research report on Tuesday, June 6th. Finally, UBS AG upgraded AGCO Corporation from a “sell” rating to a “neutral” rating and raised their price target for the stock from $52.00 to $68.00 in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.80.

In related news, SVP Robert B. Crain sold 15,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $71.78, for a total transaction of $1,076,700.00. Following the transaction, the senior vice president now owns 89,322 shares of the company’s stock, valued at approximately $6,411,533.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Lucinda B. Smith sold 1,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $73.00, for a total value of $73,000.00. Following the transaction, the senior vice president now directly owns 38,877 shares in the company, valued at approximately $2,838,021. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,000 shares of company stock worth $1,871,500. 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)

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