Andra AP fonden Sells 1,700 Shares of AGCO Co. (AGCO)
Andra AP fonden lowered its position in AGCO Co. (NYSE:AGCO) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,900 shares of the industrial products company’s stock after selling 1,700 shares during the period. Andra AP fonden owned approximately 0.10% of AGCO worth $5,034,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. acquired a new position in shares of AGCO during the 1st quarter worth approximately $487,000. Aperio Group LLC acquired a new position in shares of AGCO during the 1st quarter worth approximately $2,461,000. Gabelli Funds LLC raised its stake in shares of AGCO by 50.0% during the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the industrial products company’s stock worth $973,000 after buying an additional 5,000 shares during the period. New York State Common Retirement Fund raised its stake in shares of AGCO by 10.8% during the 1st quarter. New York State Common Retirement Fund now owns 232,891 shares of the industrial products company’s stock worth $15,103,000 after buying an additional 22,731 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of AGCO by 0.7% during the 1st quarter. California Public Employees Retirement System now owns 240,918 shares of the industrial products company’s stock worth $15,624,000 after buying an additional 1,583 shares during the period. Hedge funds and other institutional investors own 84.75% of the company’s stock.
Shares of NYSE:AGCO opened at $60.50 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.42 and a quick ratio of 0.63. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.02 and a beta of 0.73. AGCO Co. has a 52-week low of $56.36 and a 52-week high of $75.95.
The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Wednesday, August 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, August 14th. AGCO’s payout ratio is currently 19.87%.
Several brokerages recently commented on AGCO. Deutsche Bank reiterated a “buy” rating on shares of AGCO in a research report on Monday. Zacks Investment Research cut AGCO from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target on shares of AGCO in a research report on Friday, July 20th. ValuEngine cut AGCO from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, OTR Global cut AGCO to a “$60.18” rating in a research report on Wednesday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $71.00.
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.
Want to see what other hedge funds are holding AGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGCO Co. (NYSE:AGCO).
Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.