Virginia Retirement Systems ET AL continued to hold its position in AGCO Corporation (NYSE:AGCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,700 shares of the industrial products company’s stock at the end of the second quarter. Virginia Retirement Systems ET AL owned approximately 0.08% of AGCO Corporation worth $4,225,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its position in AGCO Corporation by 13.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,740 shares of the industrial products company’s stock worth $345,000 after buying an additional 683 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in AGCO Corporation by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,584 shares of the industrial products company’s stock worth $577,000 after buying an additional 61 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in AGCO Corporation by 138.0% in the first quarter. Canada Pension Plan Investment Board now owns 472,203 shares of the industrial products company’s stock worth $28,417,000 after buying an additional 273,800 shares during the last quarter. Wells Fargo & Company MN boosted its position in AGCO Corporation by 1.6% in the first quarter. Wells Fargo & Company MN now owns 33,326 shares of the industrial products company’s stock worth $2,006,000 after buying an additional 527 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in AGCO Corporation by 15.7% in the first quarter. Russell Investments Group Ltd. now owns 248,647 shares of the industrial products company’s stock worth $14,965,000 after buying an additional 33,779 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

AGCO Corporation (NYSE AGCO) opened at 66.90 on Friday. The stock’s 50 day moving average price is $70.21 and its 200-day moving average price is $64.92. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 29.25 and a beta of 0.86. AGCO Corporation has a 12 month low of $46.22 and a 12 month high of $73.97.

AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.11. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.08 billion. AGCO Corporation had a return on equity of 6.84% and a net margin of 2.40%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. Equities analysts anticipate that AGCO Corporation will post $3.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.84%. AGCO Corporation’s payout ratio is 24.56%.

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A number of research firms have issued reports on AGCO. BidaskClub cut AGCO Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Piper Jaffray Companies set a $66.00 price target on AGCO Corporation and gave the stock a “hold” rating in a report on Wednesday, August 9th. UBS AG restated a “neutral” rating and set a $73.00 price target (up from $68.00) on shares of AGCO Corporation in a report on Monday, July 31st. BMO Capital Markets increased their price target on AGCO Corporation from $70.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Finally, TheStreet upgraded AGCO Corporation from a “c+” rating to a “b+” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $64.80.

In related news, CFO Andrew H. Beck sold 10,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $72.18, for a total value of $721,800.00. Following the completion of the transaction, the chief financial officer now owns 142,079 shares in the company, valued at approximately $10,255,262.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert B. Crain sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $71.78, for a total value of $1,076,700.00. Following the completion of the transaction, the senior vice president now owns 89,322 shares of the company’s stock, valued at approximately $6,411,533.16. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock valued at $1,871,500 in the last three months. Insiders own 16.60% of the company’s stock.

AGCO Corporation 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.

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Institutional Ownership by Quarter for AGCO Corporation (NYSE:AGCO)

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