AGCO Co. (AGCO) Chairman Sells $3,644,970.00 in Stock

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.

AGCO (NYSE:AGCO) last issued its earnings results on Tuesday, February 5th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. AGCO had a net margin of 3.05% and a return on equity of 10.27%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. As a group, equities analysts forecast that AGCO Co. will post 4.67 earnings per share for the current fiscal year.

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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Insider Buying and Selling by Quarter for AGCO (NYSE:AGCO)

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