AGCO Co. (AGCO) Holdings Boosted by Northpointe Capital LLC

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Northpointe Capital LLC grew its position in shares of AGCO Co. (NYSE:AGCO) by 7.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,968 shares of the industrial products company’s stock after buying an additional 3,989 shares during the quarter. Northpointe Capital LLC’s holdings in AGCO were worth $3,823,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of AGCO by 310.9% during the 4th quarter. Millennium Management LLC now owns 1,204,363 shares of the industrial products company’s stock worth $67,047,000 after buying an additional 911,239 shares in the last quarter. CenturyLink Investment Management Co lifted its position in shares of AGCO by 87.7% during the 4th quarter. CenturyLink Investment Management Co now owns 21,691 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 10,134 shares in the last quarter. Rhumbline Advisers lifted its position in shares of AGCO by 45.4% during the 4th quarter. Rhumbline Advisers now owns 166,697 shares of the industrial products company’s stock worth $9,280,000 after buying an additional 52,044 shares in the last quarter. LMR Partners LLP bought a new position in shares of AGCO during the 4th quarter worth approximately $1,169,000. Finally, South Dakota Investment Council lifted its position in shares of AGCO by 77.8% during the 4th quarter. South Dakota Investment Council now owns 20,800 shares of the industrial products company’s stock worth $1,158,000 after buying an additional 9,100 shares in the last quarter. 84.15% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Lara Thrush Long sold 2,100 shares of AGCO stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $66.31, for a total value of $139,251.00. Following the completion of the transaction, the vice president now directly owns 5,991 shares in the company, valued at approximately $397,263.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gary L. Collar sold 5,000 shares of AGCO stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $64.44, for a total transaction of $322,200.00. Following the completion of the transaction, the vice president now owns 81,401 shares of the company’s stock, valued at $5,245,480.44. The disclosure for this sale can be found here. Insiders sold a total of 122,300 shares of company stock valued at $8,498,631 over the last quarter. 17.60% of the stock is owned by company insiders.

AGCO has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of AGCO to $76.00 and gave the stock a “positive” rating in a report on Monday, March 25th. OTR Global raised shares of AGCO to a “positive” rating in a report on Friday, January 18th. Deutsche Bank set a $76.00 price target on shares of AGCO and gave the stock a “buy” rating in a report on Friday, March 8th. Barclays cut shares of AGCO from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $64.00 to $63.00 in a report on Wednesday, January 23rd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $63.00 price target on shares of AGCO in a report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.08.

Shares of NYSE:AGCO traded up $0.33 during mid-day trading on Wednesday, reaching $72.63. The company had a trading volume of 90,062 shares, compared to its average volume of 528,394. The company has a current ratio of 1.28, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $5.59 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89. AGCO Co. has a one year low of $49.50 and a one year high of $72.52.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.31 earnings per share for the quarter, beating 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 analyst estimates of $2.58 billion. During the same period in the previous year, the business earned $1.10 EPS. AGCO’s revenue was up 2.6% compared to the same quarter last year. Research analysts predict that AGCO Co. will post 4.67 earnings per share for the current 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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