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.
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.
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