Korea Investment CORP decreased its position in shares of AGCO Co. (NYSE:AGCO) by 20.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,553 shares of the industrial products company’s stock after selling 6,900 shares during the period. Korea Investment CORP’s holdings in AGCO were worth $1,675,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGCO. BlackRock Inc. raised its stake in shares of AGCO by 1.6% during the second quarter. BlackRock Inc. now owns 6,648,000 shares of the industrial products company’s stock valued at $403,667,000 after acquiring an additional 107,096 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of AGCO by 9.9% during the third quarter. Victory Capital Management Inc. now owns 3,125,516 shares of the industrial products company’s stock valued at $190,000,000 after acquiring an additional 280,561 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AGCO by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,679,076 shares of the industrial products company’s stock valued at $162,673,000 after acquiring an additional 17,838 shares during the last quarter. LSV Asset Management raised its stake in shares of AGCO by 2.6% during the third quarter. LSV Asset Management now owns 2,572,230 shares of the industrial products company’s stock valued at $156,365,000 after acquiring an additional 64,829 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of AGCO by 45.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,018,666 shares of the industrial products company’s stock valued at $122,715,000 after acquiring an additional 631,175 shares during the last quarter. Institutional investors and hedge funds own 85.73% of the company’s stock.

In related news, VP Gary L. Collar sold 2,070 shares of AGCO stock in a transaction on Monday, November 12th. The shares were sold at an average price of $56.64, for a total transaction of $117,244.80. Following the completion of the transaction, the vice president now owns 84,463 shares of the company’s stock, valued at $4,783,984.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.60% of the stock is owned by company insiders.

Shares of NYSE AGCO opened at $58.19 on Friday. AGCO Co. has a twelve month low of $49.50 and a twelve month high of $75.95. The firm has a market cap of $4.64 billion, a P/E ratio of 19.27, a PEG ratio of 0.98 and a beta of 0.80. The company has a quick ratio of 0.63, a current ratio of 1.42 and a debt-to-equity ratio of 0.57.

AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. AGCO had a net margin of 2.49% and a return on equity of 9.70%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm earned $0.76 earnings per share. AGCO’s quarterly revenue was up 11.5% on a year-over-year basis. On average, research analysts predict that AGCO Co. will post 3.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 14th. AGCO’s dividend payout ratio is presently 19.87%.

AGCO has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of AGCO from $66.00 to $53.00 and set a “sell” rating for the company in a research note on Wednesday, October 31st. Credit Suisse Group dropped their price target on shares of AGCO from $68.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, October 31st. Deutsche Bank set a $79.00 price target on shares of AGCO and gave the company a “buy” rating in a research note on Wednesday, September 5th. ValuEngine downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Finally, UBS Group set a $63.00 price target on shares of AGCO and gave the company a “hold” rating in a research note on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $66.92.

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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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