AGCO Co. (NYSE:AGCO) VP Richard Robinson Smith sold 1,316 shares of the company’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 of the company’s stock, valued at approximately $1,895,425.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Richard Robinson Smith also recently made the following trade(s):
- On Friday, February 16th, Richard Robinson Smith sold 502 shares of AGCO stock. The shares were sold at an average price of $47.04, for a total transaction of $23,614.08.
- On Wednesday, February 14th, Richard Robinson Smith sold 2,567 shares of AGCO stock. The shares were sold at an average price of $67.72, for a total transaction of $173,837.24.
AGCO Co. (AGCO) traded down $1.23 during trading on Friday, hitting $64.78. 893,571 shares of the stock traded hands, compared to its average volume of 784,836. The firm has a market capitalization of $5,297.99, a PE ratio of 27.74, a PEG ratio of 1.43 and a beta of 0.82. AGCO Co. has a 12 month low of $58.00 and a 12 month high of $75.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.37 and a quick ratio of 0.66.
AGCO (NYSE:AGCO) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). AGCO had a return on equity of 8.04% and a net margin of 2.24%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. equities research analysts forecast that AGCO Co. will post 3.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 15th will be issued a dividend of $0.15 per share. This is a boost from AGCO’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 0.93%. AGCO’s dividend payout ratio is presently 25.86%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invictus RG raised its position in AGCO by 265.9% during the third quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 1,061 shares in the last quarter. Avestar Capital LLC bought a new stake in AGCO during the fourth quarter worth $111,000. Hirtle Callaghan & Co LLC bought a new stake in AGCO during the fourth quarter worth $163,000. Tower Research Capital LLC TRC bought a new stake in AGCO during the fourth quarter worth $188,000. Finally, Advisor Group Inc. raised its position in AGCO by 187.9% during the fourth quarter. Advisor Group Inc. now owns 2,709 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,768 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.
AGCO has been the subject of several recent analyst reports. Seaport Global Securities reaffirmed a “hold” rating on shares of AGCO in a research note on Thursday, January 18th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $79.00 target price on shares of AGCO in a research note on Thursday, January 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $73.00 target price on shares of AGCO in a research note on Thursday, December 21st. BMO Capital Markets lowered their target price on shares of AGCO from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Finally, Bank of America reduced their price target on shares of AGCO from $70.00 to $64.00 and set an “underperform” rating for the company in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. AGCO has an average rating of “Hold” and an average price target of $72.80.
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.