AGCO Co. (AGCO) VP Sells $23,614.08 in Stock
AGCO Co. (NYSE:AGCO) VP Richard Robinson Smith sold 502 shares of AGCO stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $47.04, for a total transaction of $23,614.08. Following the sale, the vice president now directly owns 35,068 shares in the company, valued at approximately $1,649,598.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Richard Robinson Smith also recently made the following trade(s):
- On Saturday, May 19th, Richard Robinson Smith sold 1,316 shares of AGCO stock. The shares were sold at an average price of $54.05, for a total transaction of $71,129.80.
- 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.
Shares of AGCO Co. (NYSE AGCO) opened at $64.41 on Monday. The stock has a market capitalization of $5,120.00, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82. 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 Co. has a 12-month low of $58.00 and a 12-month high of $75.95.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from AGCO’s previous quarterly dividend of $0.14. AGCO’s dividend payout ratio is currently 21.13%.
Several institutional investors have recently bought and sold shares of AGCO. Invictus RG increased its position in shares of 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 during the period. Avestar Capital LLC purchased a new stake in shares of AGCO during the fourth quarter worth $111,000. Hirtle Callaghan & Co LLC purchased a new stake in shares of AGCO during the fourth quarter worth $163,000. Tower Research Capital LLC TRC purchased a new stake in shares of AGCO during the fourth quarter worth $188,000. Finally, Advisor Group Inc. increased its position in shares of 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 during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on AGCO. BMO Capital Markets reduced their price target on shares of AGCO from $85.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Morgan Stanley began coverage on shares of AGCO in a research report on Friday. They set an “underweight” rating and a $69.00 price target on the stock. Credit Suisse Group reduced their price target on shares of AGCO from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Barclays began coverage on AGCO in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $75.00 target price on the stock. Finally, Goldman Sachs Group raised AGCO from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. AGCO presently has an average rating of “Hold” and a consensus 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.
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