AGCO Co. (NYSE:AGCO) Stock Holdings Reduced by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in AGCO Co. (NYSE:AGCO) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,909 shares of the industrial products company’s stock after selling 1,830 shares during the quarter. Pacer Advisors Inc.’s holdings in AGCO were worth $1,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB lifted its position in shares of AGCO by 2.9% in the first quarter. Nordea Investment Management AB now owns 464,061 shares of the industrial products company’s stock worth $32,275,000 after buying an additional 12,979 shares during the last quarter. FMR LLC lifted its position in shares of AGCO by 29.1% in the first quarter. FMR LLC now owns 1,370,072 shares of the industrial products company’s stock worth $95,288,000 after buying an additional 309,101 shares during the last quarter. DNB Asset Management AS acquired a new stake in shares of AGCO in the second quarter worth about $1,606,000. Retirement Systems of Alabama lifted its position in shares of AGCO by 0.3% in the second quarter. Retirement Systems of Alabama now owns 83,894 shares of the industrial products company’s stock worth $6,508,000 after buying an additional 230 shares during the last quarter. Finally, Scout Investments Inc. acquired a new stake in shares of AGCO in the second quarter worth about $13,686,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

NYSE AGCO opened at $73.55 on Wednesday. AGCO Co. has a twelve month low of $49.50 and a twelve month high of $80.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 1.29. The stock has a market capitalization of $5.63 billion, a PE ratio of 15.07, a P/E/G ratio of 1.05 and a beta of 0.97. The stock has a 50-day simple moving average of $73.09 and a 200 day simple moving average of $72.35.

AGCO (NYSE:AGCO) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.23. AGCO had a return on equity of 12.64% and a net margin of 4.07%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that AGCO Co. will post 5.05 EPS for the current fiscal year.

A number of analysts have weighed in on AGCO shares. ValuEngine raised AGCO from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. OTR Global raised AGCO to a “positive” rating in a research report on Friday, July 12th. Wells Fargo & Co cut AGCO from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $90.00 to $80.00 in a research report on Wednesday, July 17th. Jefferies Financial Group raised AGCO from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $90.00 in a research report on Monday, June 24th. Finally, BMO Capital Markets boosted their price target on AGCO from $65.00 to $80.00 and gave the stock a “market perform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $78.93.

In other AGCO news, VP Richard Robinson Smith sold 4,651 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $72.77, for a total value of $338,453.27. Following the completion of the transaction, the vice president now owns 90,796 shares of the company’s stock, valued at approximately $6,607,224.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lara Thrush Long sold 2,326 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $73.05, for a total value of $169,914.30. Following the completion of the transaction, the chief accounting officer now directly owns 3,991 shares of the company’s stock, valued at approximately $291,542.55. The disclosure for this sale can be found here. Insiders have sold a total of 41,977 shares of company stock valued at $3,012,468 in the last three months. 17.60% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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