Blue Rock Advisors LLC lifted its holdings in shares of AGCO Corporation (NYSE:AGCO) by 321.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,289 shares of the industrial products company’s stock after purchasing an additional 18,521 shares during the quarter. AGCO Corporation comprises approximately 2.7% of Blue Rock Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Blue Rock Advisors LLC’s holdings in AGCO Corporation were worth $1,791,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AGCO. Capstone Asset Management Co. grew its holdings in shares of AGCO Corporation by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 8,540 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 400 shares during the period. Bank of Montreal Can purchased a new position in shares of AGCO Corporation during the 2nd quarter worth $1,398,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of AGCO Corporation by 504.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 10,440 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 8,712 shares during the period. Eqis Capital Management Inc. grew its holdings in shares of AGCO Corporation by 3.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,239 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 147 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in shares of AGCO Corporation by 12.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,979 shares of the industrial products company’s stock worth $538,000 after purchasing an additional 875 shares during the period. Institutional investors and hedge funds own 82.03% of the company’s stock.
In other AGCO Corporation news, SVP Hans Bernd Veltmaat sold 750 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $66.52, for a total value of $49,890.00. Following the sale, the senior vice president now owns 68,552 shares of the company’s stock, valued at approximately $4,560,079.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is owned by company insiders.
AGCO Corporation (AGCO) traded down $0.79 during mid-day trading on Monday, reaching $66.66. The company’s stock had a trading volume of 577,800 shares, compared to its average volume of 635,541. The company has a quick ratio of 0.70, a current ratio of 1.51 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5,302.76, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.67 and a beta of 0.82. AGCO Corporation has a 52 week low of $52.55 and a 52 week high of $75.58.
AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.92 billion. AGCO Corporation had a return on equity of 7.50% and a net margin of 2.59%. AGCO Corporation’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. equities analysts anticipate that AGCO Corporation will post 3.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 14th. AGCO Corporation’s dividend payout ratio is currently 22.05%.
AGCO Corporation Profile
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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