AGCO Co. (NYSE:AGCO) Chairman Martin Richenhagen sold 51,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.43, for a total value of $3,591,930.00. Following the sale, the chairman now directly owns 503,733 shares in the company, valued at approximately $35,477,915.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Martin Richenhagen also recently made the following trade(s):

  • On Monday, April 15th, Martin Richenhagen sold 51,000 shares of AGCO stock. The stock was sold at an average price of $71.47, for a total value of $3,644,970.00.
  • On Monday, April 1st, Martin Richenhagen sold 102,000 shares of AGCO stock. The stock was sold at an average price of $70.19, for a total value of $7,159,380.00.

NYSE:AGCO opened at $70.41 on Friday. The company has a market cap of $5.42 billion, a P/E ratio of 18.10, a PEG ratio of 0.99 and a beta of 0.88. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52. AGCO Co. has a 52-week low of $49.50 and a 52-week high of $75.56.

AGCO (NYSE:AGCO) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.44. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. AGCO had a return on equity of 11.62% and a net margin of 3.49%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. On average, research analysts expect that AGCO Co. will post 4.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from AGCO’s previous quarterly dividend of $0.15. AGCO’s dividend payout ratio (DPR) is currently 16.45%.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in shares of AGCO by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 6,029,986 shares of the industrial products company’s stock valued at $366,563,000 after purchasing an additional 65,104 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of AGCO by 11.3% in the 4th quarter. Victory Capital Management Inc. now owns 3,479,957 shares of the industrial products company’s stock valued at $193,729,000 after purchasing an additional 354,441 shares during the last quarter. LSV Asset Management grew its stake in shares of AGCO by 2.9% in the 1st quarter. LSV Asset Management now owns 2,717,410 shares of the industrial products company’s stock valued at $188,995,000 after purchasing an additional 76,400 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of AGCO by 1.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,040,980 shares of the industrial products company’s stock valued at $113,621,000 after purchasing an additional 22,314 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of AGCO by 2,214.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,742,527 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 1,667,232 shares during the last quarter. Hedge funds and other institutional investors own 83.76% of the company’s stock.

Several brokerages have recently weighed in on AGCO. UBS Group raised their target price on AGCO from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Credit Suisse Group reissued a “hold” rating and set a $63.00 target price on shares of AGCO in a research report on Tuesday, January 22nd. Barclays lowered AGCO from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $64.00 to $63.00 in a research report on Wednesday, January 23rd. Morgan Stanley set a $60.00 target price on AGCO and gave the stock a “sell” rating in a research report on Friday, May 3rd. Finally, OTR Global upgraded AGCO to a “positive” rating in a research note on Friday, January 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $71.50.

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AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses.

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