Verition Fund Management LLC Has $461,000 Stake in AGCO Co. (AGCO)

Verition Fund Management LLC decreased its stake in AGCO Co. (NYSE:AGCO) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,449 shares of the industrial products company’s stock after selling 1,394 shares during the period. Verition Fund Management LLC’s holdings in AGCO were worth $461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Moon Capital Management LLC grew its holdings in shares of AGCO by 1.9% in the 4th quarter. Moon Capital Management LLC now owns 35,854 shares of the industrial products company’s stock valued at $2,561,000 after acquiring an additional 680 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of AGCO by 14.1% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,652 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 698 shares in the last quarter. Tyers Asset Management LLC grew its holdings in shares of AGCO by 20.0% in the 4th quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 736 shares in the last quarter. Amalgamated Bank grew its holdings in shares of AGCO by 5.9% in the 4th quarter. Amalgamated Bank now owns 13,451 shares of the industrial products company’s stock valued at $961,000 after acquiring an additional 754 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of AGCO by 2.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 36,076 shares of the industrial products company’s stock valued at $2,577,000 after acquiring an additional 861 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

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Shares of AGCO stock opened at $62.22 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5,006.19, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82. AGCO Co. has a 1 year low of $58.00 and a 1 year high of $75.95.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.40 billion. AGCO had a return on equity of 8.04% and a net margin of 2.24%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $0.84 earnings per share. sell-side analysts anticipate that AGCO Co. will post 3.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 14th. This is an increase from AGCO’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.96%. AGCO’s dividend payout ratio (DPR) is 25.86%.

Several brokerages have recently weighed in on AGCO. ValuEngine upgraded AGCO from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Seaport Global Securities restated a “hold” rating on shares of AGCO in a report on Thursday, January 18th. Stifel Nicolaus restated a “hold” rating and issued a $73.00 price objective on shares of AGCO in a report on Thursday, December 21st. BMO Capital Markets decreased their price objective on AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Finally, Morgan Stanley began coverage on shares of AGCO in a research note on Friday, March 2nd. They issued an “underweight” rating and a $69.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. AGCO currently has an average rating of “Hold” and a consensus price target of $72.80.

In other AGCO news, VP Richard Robinson Smith sold 1,316 shares of the firm’s stock in a transaction that occurred on Saturday, May 19th. The shares were sold at an average price of $54.05, for a total transaction of $71,129.80. Following the completion of the sale, the vice president now directly owns 35,068 shares in the company, valued at $1,895,425.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 4,385 shares of company stock valued at $268,581 over the last 90 days. Company insiders own 16.60% of the company’s stock.

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AGCO Company Profile

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.

Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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