Robert B. Crain Sells 7,000 Shares of AGCO Corporation (AGCO) Stock

AGCO Corporation (NYSE:AGCO) SVP Robert B. Crain sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total value of $495,040.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of AGCO Corporation (NYSE:AGCO) traded down $0.12 during trading on Friday, reaching $70.78. The company had a trading volume of 1,156,400 shares, compared to its average volume of 637,327. AGCO Corporation has a twelve month low of $55.45 and a twelve month high of $75.58. The company has a market cap of $5,630.00, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.51 and a quick ratio of 0.70.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.92 billion. AGCO had a return on equity of 7.50% and a net margin of 2.59%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. sell-side analysts predict that AGCO Corporation will post 3.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. AGCO’s payout ratio is presently 22.05%.

Large investors have recently bought and sold shares of the stock. Invictus RG raised its holdings in shares of AGCO by 265.9% in the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,061 shares during the period. BlueMountain Capital Management LLC bought a new stake in AGCO during the 2nd quarter valued at $165,000. Toronto Dominion Bank raised its holdings in AGCO by 240.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock valued at $198,000 after acquiring an additional 1,897 shares during the period. CIBC Asset Management Inc bought a new stake in AGCO during the 3rd quarter valued at $204,000. Finally, Advisor Partners LLC bought a new stake in AGCO during the 2nd quarter valued at $212,000. 82.59% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Goldman Sachs Group upgraded AGCO from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday. Piper Jaffray Companies set a $68.00 target price on AGCO and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $73.00 target price on shares of AGCO in a research note on Wednesday, November 1st. BidaskClub lowered AGCO from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, UBS set a $72.00 price target on AGCO and gave the stock a “hold” rating in a research report on Saturday, October 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.47.

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AGCO 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.

Insider Buying and Selling by Quarter for AGCO (NYSE:AGCO)

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