12,671 Shares in AGCO Co. (AGCO) Acquired by Paloma Partners Management Co

Paloma Partners Management Co purchased a new stake in AGCO Co. (NYSE:AGCO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 12,671 shares of the industrial products company’s stock, valued at approximately $705,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Capital Group LLC lifted its position in AGCO by 20.1% in the fourth quarter. Private Capital Group LLC now owns 1,092 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 183 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of AGCO by 2.3% in the fourth quarter. Commonwealth Bank of Australia now owns 17,228 shares of the industrial products company’s stock valued at $955,000 after buying an additional 385 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of AGCO by 116.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 771 shares of the industrial products company’s stock valued at $43,000 after buying an additional 415 shares during the last quarter. JOYN Advisors Inc. increased its stake in shares of AGCO by 109.5% during the fourth quarter. JOYN Advisors Inc. now owns 857 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 448 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of AGCO by 4.8% during the fourth quarter. Advisors Asset Management Inc. now owns 12,010 shares of the industrial products company’s stock worth $669,000 after acquiring an additional 555 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AGCO traded down $0.56 during trading hours on Monday, reaching $71.40. 533,900 shares of the company were exchanged, compared to its average volume of 613,517. The company has a quick ratio of 0.59, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The company has a market cap of $5.52 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.06 and a beta of 0.89. AGCO Co. has a 52-week low of $49.50 and a 52-week high of $72.00.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.09. AGCO had a net margin of 3.05% and a return on equity of 10.27%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts forecast that AGCO Co. will post 4.67 earnings per share for the current fiscal year.

In other AGCO news, Chairman Martin Richenhagen sold 102,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $70.19, for a total transaction of $7,159,380.00. The sale 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 the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $64.44, for a total transaction of $322,200.00. Following the transaction, the vice president now directly owns 81,401 shares of the company’s stock, valued at $5,245,480.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,300 shares of company stock valued at $8,498,631. Company insiders own 17.60% of the company’s stock.

A number of research analysts have recently issued reports on AGCO shares. Royal Bank of Canada boosted their price target on shares of AGCO to $76.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. OTR Global upgraded shares of AGCO to a “positive” rating in a research report on Friday, January 18th. Deutsche Bank set a $76.00 target price on shares of AGCO and gave the stock a “buy” rating in a research report on Friday, March 8th. Barclays downgraded shares of AGCO from an “equal weight” rating to an “underweight” rating and reduced their price target for the company 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $65.08.

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AGCO Profile

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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