AGCO Co. (NYSE:AGCO) Chairman Martin Richenhagen sold 51,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $71.60, for a total transaction of $3,651,600.00. Following the sale, the chairman now directly owns 473,733 shares in the company, valued at approximately $33,919,282.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Martin Richenhagen also recently made the following trade(s):

  • On Monday, May 13th, Martin Richenhagen sold 51,000 shares of AGCO stock. The stock was sold at an average price of $70.43, for a total transaction of $3,591,930.00.
  • On Monday, April 15th, Martin Richenhagen sold 51,000 shares of AGCO stock. The shares were sold at an average price of $71.47, for a total transaction of $3,644,970.00.
  • On Monday, April 1st, Martin Richenhagen sold 102,000 shares of AGCO stock. The shares were sold at an average price of $70.19, for a total transaction of $7,159,380.00.

Shares of AGCO traded up $0.32 during mid-day trading on Friday, reaching $72.65. The stock had a trading volume of 19,480 shares, compared to its average volume of 559,012. The company has a current ratio of 1.30, a quick ratio of 0.54 and a debt-to-equity ratio of 0.52. AGCO Co. has a 52-week low of $49.50 and a 52-week high of $75.56. The firm has a market capitalization of $5.55 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.08 and a beta of 0.89.

AGCO (NYSE:AGCO) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.44. AGCO had a net margin of 3.49% and a return on equity of 11.62%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. AGCO’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that AGCO Co. will post 4.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from AGCO’s previous quarterly dividend of $0.15. AGCO’s dividend payout ratio is currently 16.45%.

AGCO has been the topic of several recent research reports. Deutsche Bank set a $76.00 price objective on shares of AGCO and gave the company a “buy” rating in a report on Friday, March 8th. Zacks Investment Research raised shares of AGCO from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, April 16th. Citigroup upped their price objective on shares of AGCO from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, May 6th. ValuEngine downgraded shares of AGCO from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, JPMorgan Chase & Co. upgraded shares of AGCO from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $66.00 to $77.00 in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. AGCO has an average rating of “Hold” and an average target price of $71.50.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in AGCO by 2.9% in the first quarter. Nordea Investment Management AB now owns 464,061 shares of the industrial products company’s stock valued at $32,275,000 after acquiring an additional 12,979 shares in the last quarter. Lombard Odier Asset Management USA Corp acquired a new stake in AGCO in the first quarter valued at approximately $207,000. FMR LLC raised its holdings in AGCO by 29.1% in the first quarter. FMR LLC now owns 1,370,072 shares of the industrial products company’s stock valued at $95,288,000 after acquiring an additional 309,101 shares in the last quarter. Sandbar Asset Management LLP raised its holdings in AGCO by 470.4% in the first quarter. Sandbar Asset Management LLP now owns 41,037 shares of the industrial products company’s stock valued at $2,854,000 after acquiring an additional 33,843 shares in the last quarter. Finally, BlueMountain Capital Management LLC raised its holdings in AGCO by 21.4% in the first quarter. BlueMountain Capital Management LLC now owns 187,631 shares of the industrial products company’s stock valued at $13,050,000 after acquiring an additional 33,049 shares in the last quarter. 80.88% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/insider-selling-agco-co-nyseagco-chairman-sells-51000-shares-of-stock/3041751.html.

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.

Recommended Story: What is the 52-week high/low?

Insider Buying and Selling by Quarter for AGCO (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.