AGCO Co. (NYSE:AGCO) Chairman Martin Richenhagen sold 51,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $71.47, for a total transaction of $3,644,970.00. Following the sale, the chairman now owns 495,279 shares in the company, valued at approximately $35,397,590.13. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Martin Richenhagen also recently made the following trade(s):
- On Monday, April 1st, Martin Richenhagen sold 102,000 shares of AGCO stock. The shares were sold at an average price of $70.19, for a total transaction of $7,159,380.00.
Shares of NYSE:AGCO opened at $72.57 on Thursday. The firm has a market capitalization of $5.59 billion, a P/E ratio of 18.66, a price-to-earnings-growth 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 $72.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.59 and a current ratio of 1.28.
Several research firms have recently weighed in on AGCO. Royal Bank of Canada raised their price objective on shares of AGCO to $76.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Zacks Investment Research upgraded shares of AGCO from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday. Barclays cut shares of AGCO from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $64.00 to $63.00 in a research report on Wednesday, January 23rd. Credit Suisse Group restated a “hold” rating and set a $63.00 price objective on shares of AGCO in a research report on Tuesday, January 22nd. Finally, OTR Global upgraded shares of AGCO to a “positive” rating in a research report on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.08.
A number of large investors have recently modified their holdings of AGCO. Northpointe Capital LLC grew its holdings in AGCO by 7.8% in the 1st quarter. Northpointe Capital LLC now owns 54,968 shares of the industrial products company’s stock worth $3,823,000 after acquiring an additional 3,989 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in AGCO in the 1st quarter worth $465,000. First Bank & Trust grew its holdings in AGCO by 15.6% in the 1st quarter. First Bank & Trust now owns 7,554 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 1,018 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in AGCO in the 1st quarter worth $659,000. Finally, KAMES CAPITAL plc bought a new stake in AGCO in the 1st quarter worth $1,725,000. Institutional investors own 84.15% of the company’s stock.
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AGCO Company 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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