AGCO Co. (NYSE:AGCO) SVP Sells $26,545.00 in Stock

AGCO Co. (NYSE:AGCO) SVP Kelvin Eugene Bennett sold 250 shares of AGCO stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $106.18, for a total value of $26,545.00. Following the transaction, the senior vice president now owns 17,380 shares in the company, valued at $1,845,408.40. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

AGCO Trading Up 2.7%

Shares of AGCO stock opened at $108.54 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of -19.08, a PEG ratio of 1.80 and a beta of 1.20. AGCO Co. has a twelve month low of $73.79 and a twelve month high of $111.53. The business has a 50-day moving average price of $90.54 and a 200-day moving average price of $94.92.

AGCO (NYSE:AGCO) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.38. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.06 billion. AGCO had a positive return on equity of 13.40% and a negative net margin of 3.64%. The company’s quarterly revenue was down 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 EPS. Equities research analysts anticipate that AGCO Co. will post 4.2 EPS for the current fiscal year.

AGCO Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, May 15th. AGCO’s payout ratio is -14.87%.

Institutional Investors Weigh In On AGCO

Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in shares of AGCO by 7.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,985,474 shares of the industrial products company’s stock valued at $646,648,000 after purchasing an additional 481,146 shares during the last quarter. Dimensional Fund Advisors LP raised its position in AGCO by 12.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,046 shares of the industrial products company’s stock worth $309,745,000 after purchasing an additional 361,965 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AGCO by 534.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company’s stock worth $271,259,000 after purchasing an additional 2,444,615 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of AGCO by 1.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company’s stock valued at $256,522,000 after buying an additional 39,966 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of AGCO by 68.7% in the fourth quarter. Invesco Ltd. now owns 2,360,301 shares of the industrial products company’s stock worth $220,641,000 after buying an additional 961,081 shares during the period. 78.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AGCO has been the topic of several recent research reports. Oppenheimer decreased their price objective on AGCO from $109.00 to $106.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Citigroup raised their target price on shares of AGCO from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Baird R W lowered shares of AGCO from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Morgan Stanley raised their price objective on shares of AGCO from $75.00 to $84.00 and gave the company an “underweight” rating in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of AGCO from $110.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, AGCO presently has an average rating of “Hold” and a consensus target price of $103.30.

About AGCO

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.