AGCO Co. (NYSE:AGCO) Shares Sold by Probity Advisors Inc.

Probity Advisors Inc. cut its stake in shares of AGCO Co. (NYSE:AGCO) by 15.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,361 shares of the industrial products company’s stock after selling 620 shares during the period. Probity Advisors Inc.’s holdings in AGCO were worth $329,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AGCO. Pacer Advisors Inc. increased its position in shares of AGCO by 103.5% during the second quarter. Pacer Advisors Inc. now owns 1,571,453 shares of the industrial products company’s stock valued at $153,814,000 after acquiring an additional 799,429 shares during the last quarter. Vanguard Group Inc. increased its stake in AGCO by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 7,565,114 shares of the industrial products company’s stock worth $930,660,000 after buying an additional 784,617 shares during the period. AQR Capital Management LLC increased its stake in AGCO by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,747,954 shares of the industrial products company’s stock worth $171,090,000 after buying an additional 605,509 shares during the period. Massachusetts Financial Services Co. MA increased its stake in AGCO by 28.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,791,202 shares of the industrial products company’s stock worth $175,323,000 after buying an additional 391,591 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in AGCO by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,259,699 shares of the industrial products company’s stock worth $221,187,000 after buying an additional 335,092 shares during the period. 78.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lange Bob De purchased 1,420 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $87.91 per share, with a total value of $124,832.20. Following the completion of the acquisition, the director now directly owns 7,007 shares in the company, valued at $615,985.37. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lange Bob De acquired 1,420 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $87.91 per share, with a total value of $124,832.20. Following the transaction, the director now owns 7,007 shares of the company’s stock, valued at $615,985.37. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael C. Arnold bought 1,800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the acquisition, the director now owns 20,465 shares of the company’s stock, valued at approximately $1,794,575.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays cut their target price on shares of AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on shares of AGCO from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Raymond James started coverage on shares of AGCO in a research note on Friday, June 28th. They set a “market perform” rating on the stock. UBS Group lowered their price target on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup boosted their price target on shares of AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, AGCO currently has a consensus rating of “Hold” and a consensus target price of $117.80.

AGCO Trading Up 0.8 %

Shares of AGCO stock opened at $100.87 on Friday. The company has a fifty day simple moving average of $92.72 and a 200-day simple moving average of $101.78. AGCO Co. has a 12-month low of $84.35 and a 12-month high of $130.26. The company has a current ratio of 1.52, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.91 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by ($0.37). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The company’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.29 EPS. On average, equities analysts forecast that AGCO Co. will post 8 EPS for the current fiscal year.

AGCO Profile

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.