WINTON GROUP Ltd Acquires 2,236 Shares of AGCO Co. (NYSE:AGCO)

WINTON GROUP Ltd boosted its holdings in AGCO Co. (NYSE:AGCO) by 120.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,085 shares of the industrial products company’s stock after purchasing an additional 2,236 shares during the quarter. WINTON GROUP Ltd’s holdings in AGCO were worth $533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGCO. Deseret Mutual Benefit Administrators bought a new stake in shares of AGCO during the second quarter valued at approximately $85,000. First Horizon Advisors Inc. increased its holdings in shares of AGCO by 1,244.4% during the second quarter. First Horizon Advisors Inc. now owns 726 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 672 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of AGCO by 572.3% during the second quarter. NEXT Financial Group Inc now owns 753 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 641 shares in the last quarter. US Bancorp DE increased its holdings in shares of AGCO by 16.8% during the second quarter. US Bancorp DE now owns 1,578 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 227 shares in the last quarter. Finally, Commerce Bank bought a new stake in shares of AGCO during the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 76.16% of the company’s stock.

Shares of NYSE AGCO opened at $122.58 on Tuesday. AGCO Co. has a one year low of $69.68 and a one year high of $158.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.31 and a quick ratio of 0.57. The business’s fifty day moving average price is $132.07 and its 200-day moving average price is $136.92. The stock has a market capitalization of $9.24 billion, a PE ratio of 12.78, a P/E/G ratio of 0.69 and a beta of 1.33.

AGCO (NYSE:AGCO) last issued its quarterly earnings results on Thursday, July 29th. The industrial products company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.71. AGCO had a return on equity of 21.26% and a net margin of 6.94%. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.74 billion. As a group, equities analysts expect that AGCO Co. will post 9.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Monday, August 16th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 0.65%. AGCO’s dividend payout ratio (DPR) is 14.26%.

AGCO has been the subject of several recent research reports. The Goldman Sachs Group upgraded AGCO from a “neutral” rating to a “buy” rating and set a $161.00 price target for the company in a report on Tuesday, August 24th. Credit Suisse Group upped their price target on AGCO from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price target on AGCO from $187.00 to $141.00 and set a “buy” rating for the company in a report on Wednesday, July 14th. JPMorgan Chase & Co. upgraded AGCO from a “neutral” rating to an “overweight” rating and set a $164.00 price target for the company in a report on Tuesday, July 13th. Finally, Morgan Stanley upped their price target on AGCO from $161.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, August 2nd. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $144.07.

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

About AGCO

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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