Monarch Partners Asset Management LLC lowered its position in AGCO Corporation (NYSE:AGCO) by 35.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,668 shares of the industrial products company’s stock after selling 76,312 shares during the period. Monarch Partners Asset Management LLC’s holdings in AGCO Corporation were worth $9,345,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd increased its stake in shares of AGCO Corporation by 34.6% in the fourth quarter. Quadrature Capital Ltd now owns 6,756 shares of the industrial products company’s stock worth $391,000 after buying an additional 1,736 shares during the period. Teachers Advisors LLC increased its stake in shares of AGCO Corporation by 117.6% in the fourth quarter. Teachers Advisors LLC now owns 389,304 shares of the industrial products company’s stock worth $22,525,000 after buying an additional 210,402 shares during the period. Macquarie Group Ltd. increased its stake in shares of AGCO Corporation by 26.3% in the fourth quarter. Macquarie Group Ltd. now owns 4,800 shares of the industrial products company’s stock worth $278,000 after buying an additional 1,000 shares during the period. Capstone Asset Management Co. increased its stake in shares of AGCO Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,140 shares of the industrial products company’s stock worth $490,000 after buying an additional 50 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of AGCO Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the industrial products company’s stock worth $1,017,000 after buying an additional 200 shares during the period. 84.62% of the stock is owned by institutional investors.

AGCO Corporation (NYSE AGCO) opened at 70.04 on Friday. The company has a 50-day moving average of $70.07 and a 200 day moving average of $64.54. The company has a market cap of $5.57 billion, a P/E ratio of 30.63 and a beta of 0.86. AGCO Corporation has a 52 week low of $46.22 and a 52 week high of $73.97.

AGCO Corporation (NYSE:AGCO) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.11. AGCO Corporation had a net margin of 2.40% and a return on equity of 6.84%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the business posted $1.25 earnings per share. AGCO Corporation’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts forecast that AGCO Corporation will post $3.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.56 annualized dividend and a yield of 0.80%. AGCO Corporation’s payout ratio is presently 24.56%.

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AGCO has been the subject of a number of recent analyst reports. J P Morgan Chase & Co raised shares of AGCO Corporation from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $47.00 to $60.00 in a report on Monday, May 1st. Seaport Global Securities upped their price target on shares of AGCO Corporation from $57.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, May 1st. Citigroup Inc. upped their price target on shares of AGCO Corporation from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, May 1st. Credit Suisse Group set a $60.00 price target on shares of AGCO Corporation and gave the stock a “hold” rating in a report on Sunday, April 30th. Finally, TheStreet downgraded shares of AGCO Corporation from a “b” rating to a “c+” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $64.80.

In other AGCO Corporation news, CFO Andrew H. Beck sold 10,000 shares of AGCO Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $72.18, for a total transaction of $721,800.00. Following the completion of the sale, the chief financial officer now directly owns 142,079 shares in the company, valued at $10,255,262.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert B. Crain sold 15,000 shares of AGCO Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $71.78, for a total transaction of $1,076,700.00. Following the sale, the senior vice president now owns 89,322 shares of the company’s stock, valued at $6,411,533.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $1,871,500. 16.60% of the stock is currently owned by company insiders.

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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