Deutsche Bank AG lowered its position in AGCO Co. (NYSE:AGCO) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 226,878 shares of the industrial products company’s stock after selling 238,640 shares during the period. Deutsche Bank AG’s holdings in AGCO were worth $12,627,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of AGCO by 1.1% in the third quarter. Vanguard Group Inc. now owns 6,029,986 shares of the industrial products company’s stock worth $366,563,000 after acquiring an additional 65,104 shares during the period. Vanguard Group Inc raised its position in shares of AGCO by 1.1% in the third quarter. Vanguard Group Inc now owns 6,029,986 shares of the industrial products company’s stock worth $366,563,000 after acquiring an additional 65,104 shares during the period. Victory Capital Management Inc. raised its position in shares of AGCO by 11.3% in the fourth quarter. Victory Capital Management Inc. now owns 3,479,957 shares of the industrial products company’s stock worth $193,729,000 after acquiring an additional 354,441 shares during the period. LSV Asset Management raised its position in shares of AGCO by 2.7% in the fourth quarter. LSV Asset Management now owns 2,641,010 shares of the industrial products company’s stock worth $147,025,000 after acquiring an additional 68,780 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of AGCO by 1.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,040,980 shares of the industrial products company’s stock worth $113,621,000 after acquiring an additional 22,314 shares during the period. Institutional investors and hedge funds own 84.15% of the company’s stock.

In related news, SVP Lucinda B. Smith sold 3,300 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $65.00, for a total transaction of $214,500.00. Following the completion of the sale, the senior vice president now owns 42,438 shares of the company’s stock, valued at approximately $2,758,470. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Lara Thrush Long sold 2,100 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $66.31, for a total transaction of $139,251.00. Following the sale, the vice president now directly owns 5,991 shares of the company’s stock, valued at approximately $397,263.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 122,300 shares of company stock valued at $8,498,631. 17.60% of the stock is owned by corporate insiders.

A number of research analysts have weighed in on AGCO shares. Royal Bank of Canada upgraded shares of AGCO from a “sector perform” rating to an “outperform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Deutsche Bank set a $76.00 target price on shares of AGCO and gave the stock a “buy” rating in a research note on Friday, March 8th. OTR Global raised shares of AGCO to a “positive” rating in a research note on Friday, January 18th. Barclays cut shares of 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 note on Wednesday, January 23rd. Finally, Credit Suisse Group reissued a “hold” rating and set a $63.00 target price on shares of AGCO in a research note on Tuesday, January 22nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $65.08.

AGCO stock opened at $71.40 on Tuesday. The stock has a market cap of $5.52 billion, a PE ratio of 18.50, a P/E/G ratio of 1.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.28 and a quick ratio of 0.59. AGCO Co. has a 52 week low of $49.50 and a 52 week high of $72.00.

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

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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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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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