AGCO Co. (NYSE:AGCO) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,080,237 shares, a growth of 52.4% from the October 31st total of 3,990,473 shares. Currently, 9.3% of the shares of the stock are short sold. Based on an average daily volume of 899,714 shares, the short-interest ratio is currently 6.8 days.

In other news, VP Gary L. Collar sold 2,070 shares of the company’s 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 directly owns 84,463 shares in the company, valued at $4,783,984.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.70% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in AGCO in the third quarter valued at about $158,000. Convergence Investment Partners LLC increased its stake in shares of AGCO by 1,586.6% during the second quarter. Convergence Investment Partners LLC now owns 3,407 shares of the industrial products company’s stock worth $207,000 after buying an additional 3,205 shares during the period. CHICAGO TRUST Co NA purchased a new stake in shares of AGCO during the third quarter worth approximately $244,000. Laurion Capital Management LP purchased a new stake in shares of AGCO during the third quarter worth approximately $296,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in AGCO in the third quarter valued at approximately $299,000. 85.73% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. Deutsche Bank reaffirmed a “buy” rating on shares of AGCO in a research report on Monday, September 24th. William Blair reissued a “buy” rating on shares of AGCO in a research report on Wednesday, November 21st. ValuEngine upgraded shares of AGCO from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. UBS Group set a $63.00 price objective on shares of AGCO and gave the company a “hold” rating in a research note on Wednesday, November 7th. Finally, BMO Capital Markets reduced their price objective on shares of AGCO from $75.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.92.

Shares of AGCO opened at $59.27 on Thursday. AGCO has a 1-year low of $49.50 and a 1-year high of $75.95. The stock has a market cap of $4.67 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.01 and a beta of 0.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 0.63.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.91 earnings per share (EPS) 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 firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Research analysts forecast that AGCO will post 3.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, November 14th. AGCO’s payout ratio is presently 19.87%.

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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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