AGCO Co. (NYSE:AGCO) VP Gary L. Collar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.44, for a total value of $322,200.00. Following the completion of the sale, the vice president now owns 81,401 shares in the company, valued at $5,245,480.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE:AGCO traded up $0.58 during mid-day trading on Friday, hitting $64.76. The stock had a trading volume of 541,798 shares, compared to its average volume of 701,453. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.59 and a current ratio of 1.28. The company has a market capitalization of $5.07 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85. AGCO Co. has a twelve month low of $49.50 and a twelve month high of $70.07.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.09. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.58 billion. AGCO had a net margin of 3.05% and a return on equity of 10.27%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, equities analysts forecast that AGCO Co. will post 4.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, February 14th. AGCO’s payout ratio is 15.42%.

AGCO has been the topic of several analyst reports. OTR Global upgraded AGCO to a “positive” rating in a research note on Friday, January 18th. Royal Bank of Canada raised AGCO from a “sector perform” rating to an “outperform” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Bank of America raised AGCO from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $58.00 to $63.00 in a report on Monday, December 3rd. JPMorgan Chase & Co. raised AGCO from an “underweight” rating to a “neutral” rating and increased their price target for the company from $55.00 to $57.00 in a research note on Wednesday, October 31st. Finally, Morgan Stanley cut their price target on AGCO from $66.00 to $53.00 and set a “sell” rating on the stock in a research note on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.42.

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of AGCO by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 869,295 shares of the industrial products company’s stock valued at $52,784,000 after purchasing an additional 45,302 shares during the last quarter. Northern Trust Corp grew its holdings in shares of AGCO by 13.4% during the 2nd quarter. Northern Trust Corp now owns 645,407 shares of the industrial products company’s stock valued at $39,189,000 after purchasing an additional 76,094 shares during the last quarter. Bank of Montreal Can grew its holdings in AGCO by 169.2% in the 3rd quarter. Bank of Montreal Can now owns 80,981 shares of the industrial products company’s stock worth $4,923,000 after acquiring an additional 50,903 shares during the last quarter. Scout Investments Inc. grew its holdings in AGCO by 4.6% in the 3rd quarter. Scout Investments Inc. now owns 280,144 shares of the industrial products company’s stock worth $17,030,000 after acquiring an additional 12,315 shares during the last quarter. Finally, Andra AP fonden grew its holdings in AGCO by 25.9% in the 3rd quarter. Andra AP fonden now owns 104,400 shares of the industrial products company’s stock worth $6,346,000 after acquiring an additional 21,500 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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About AGCO

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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