State of Wisconsin Investment Board Sells 121,066 Shares of AGCO Co. (NYSE:AGCO)

State of Wisconsin Investment Board trimmed its position in AGCO Co. (NYSE:AGCO) by 94.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,452 shares of the industrial products company’s stock after selling 121,066 shares during the quarter. State of Wisconsin Investment Board’s holdings in AGCO were worth $972,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AGCO. Ameriprise Financial Inc. raised its holdings in shares of AGCO by 63.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,005,063 shares of the industrial products company’s stock valued at $144,375,000 after purchasing an additional 389,929 shares during the period. Lazard Asset Management LLC raised its holdings in shares of AGCO by 273.5% in the 1st quarter. Lazard Asset Management LLC now owns 522,063 shares of the industrial products company’s stock valued at $74,993,000 after purchasing an additional 382,270 shares during the period. Allianz Asset Management GmbH grew its stake in AGCO by 712.5% in the 1st quarter. Allianz Asset Management GmbH now owns 413,032 shares of the industrial products company’s stock valued at $59,332,000 after buying an additional 362,199 shares during the last quarter. American Century Companies Inc. grew its stake in AGCO by 2,120.3% in the 2nd quarter. American Century Companies Inc. now owns 301,808 shares of the industrial products company’s stock valued at $39,350,000 after buying an additional 288,215 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in AGCO by 2,616.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 207,614 shares of the industrial products company’s stock valued at $27,069,000 after buying an additional 199,970 shares during the last quarter. 76.16% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on AGCO shares. Morgan Stanley decreased their price target on shares of AGCO from $170.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of AGCO from $151.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their price target on shares of AGCO from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group upgraded shares of AGCO from a “neutral” rating to a “buy” rating and set a $161.00 price target on the stock in a research note on Tuesday, August 24th. Finally, JPMorgan Chase & Co. upgraded shares of AGCO from a “neutral” rating to an “overweight” rating and set a $164.00 price target on the stock in a research note on Tuesday, July 13th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $147.36.

Shares of NYSE:AGCO opened at $125.28 on Thursday. The company’s 50 day moving average price is $131.57 and its two-hundred day moving average price is $135.33. AGCO Co. has a 12-month low of $74.76 and a 12-month high of $158.62. The firm has a market cap of $9.44 billion, a PE ratio of 13.06, a PEG ratio of 0.69 and a beta of 1.33. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 0.38.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 29th. The industrial products company reported $2.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.71. AGCO had a net margin of 6.94% and a return on equity of 21.26%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.74 billion. On average, research analysts expect that AGCO Co. will post 9.57 EPS for the current year.

In related news, SVP Kelvin Eugene Bennett sold 1,750 shares of the stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $138.37, for a total value of $242,147.50. Following the completion of the transaction, the senior vice president now owns 7,746 shares of the company’s stock, valued at approximately $1,071,814.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Hans Bernd Veltmaat sold 5,050 shares of the stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $138.28, for a total transaction of $698,314.00. Following the completion of the transaction, the senior vice president now directly owns 125,590 shares of the company’s stock, valued at approximately $17,366,585.20. The disclosure for this sale can be found here. Corporate insiders own 17.40% of the company’s stock.

AGCO Company Profile

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America; South America; Europe and Middle East; and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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