Assenagon Asset Management S.A. Sells 37,353 Shares of AGCO Co. (NYSE:AGCO)

Assenagon Asset Management S.A. trimmed its position in AGCO Co. (NYSE:AGCO - Free Report) by 75.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,442 shares of the industrial products company's stock after selling 37,353 shares during the quarter. Assenagon Asset Management S.A.'s holdings in AGCO were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AGCO. Sei Investments Co. boosted its holdings in AGCO by 28.6% in the first quarter. Sei Investments Co. now owns 63,831 shares of the industrial products company's stock valued at $7,853,000 after acquiring an additional 14,201 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in AGCO by 30.0% in the second quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company's stock worth $3,038,000 after buying an additional 7,171 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in AGCO by 575.9% in the first quarter. Acadian Asset Management LLC now owns 41,664 shares of the industrial products company's stock worth $5,125,000 after buying an additional 35,500 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of AGCO by 146.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company's stock worth $10,538,000 after acquiring an additional 50,892 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of AGCO by 377.0% in the 1st quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company's stock worth $2,177,000 after acquiring an additional 13,985 shares in the last quarter. 78.80% of the stock is currently owned by institutional investors.

AGCO Stock Down 0.5 %

Shares of AGCO stock traded down $0.45 during mid-day trading on Friday, hitting $99.39. The company's stock had a trading volume of 592,306 shares, compared to its average volume of 758,601. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 0.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.72 and a current ratio of 1.52. AGCO Co. has a 52-week low of $84.35 and a 52-week high of $130.26. The business has a 50-day moving average price of $95.38 and a 200 day moving average price of $100.13.

AGCO (NYSE:AGCO - Get Free Report) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by ($0.37). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the company posted $4.29 EPS. AGCO's revenue was down 15.1% on a year-over-year basis. Research analysts predict that AGCO Co. will post 7.87 EPS for the current fiscal year.

AGCO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. AGCO's dividend payout ratio is currently 20.71%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AGCO. The Goldman Sachs Group reduced their price target on AGCO from $127.00 to $112.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. BMO Capital Markets started coverage on shares of AGCO in a research note on Friday, August 9th. They issued a "market perform" rating and a $96.00 price target for the company. UBS Group dropped their price objective on shares of AGCO from $107.00 to $104.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Citigroup raised their target price on shares of AGCO from $88.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Finally, Barclays dropped their price target on AGCO from $145.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $117.80.

Insiders Place Their Bets

In other news, Director Michael C. Arnold bought 1,800 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the acquisition, the director now owns 20,465 shares in the company, valued at $1,794,575.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other AGCO news, Director Michael C. Arnold bought 1,800 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $87.69 per share, for a total transaction of $157,842.00. Following the completion of the transaction, the director now owns 20,465 shares of the company's stock, valued at $1,794,575.85. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lange Bob De purchased 1,420 shares of the firm's stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $87.91 per share, for a total transaction of $124,832.20. Following the completion of the transaction, the director now directly owns 7,007 shares of the company's stock, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by insiders.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.