Company chares are trading at $69.01 a tad above the 50 day moving average of $65.40 and which is just over the 200 day moving average of $62.23. The 50 day moving average went up $3.61 or +5.53% and the 200 day average moved up $6.78. (NYSE:AGCO) shares saw light trading volume with 820K shares changing hands on Thursday. Trading volume was down 4.21% under the stocks average daily volume.
There has been some selling insider activity on AGCO Corporation (NYSE:AGCO) recently. Richard Robinson Smith, Sr. VP, General Manager EME sold $130,185 worth of shares at an average price of $63.91 on May 12th. Smith now owns $2,212,372 of stock per an SEC filing yesterday. Sr VP Global Business Service Lucinda B. Smith sold 5,000 shares at an average price of $64.00 on Fri the 5th. That brings Smith’s holdings to $2,622,528 as reported to the SEC.
Robert B. Crain, Sr VP, Gen. Mgr. Americas reported the sale of 1,500 shares of (AGCO). The shares were sold on February 24th for an average price of $61.35. The Sr VP, Gen. Mgr. Americas now owns $4,391,678 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end Hm Payson & Co had sold a total of 1,656 shares trimming its position 14.8%. The value of the investment in AGCO Corporation decreased from $649,000 to $575,000 a change of $74,000 quarter to quarter. Proficio Capital Partners LLC expanded its position by buying 147 shares an increase of 1,470.0% from 12/31/2016 to 03/31/2017. Proficio Capital Partners LLC owns 157 shares worth $10,000. The value of the position overall is up by 900.0%.
Morgan Stanley augmented its holdings by buying 1,077 shares an increase of 7.0% in the quarter. Morgan Stanley now holds 16,557 shares with a value of $996,000. The total value of its holdings increased 11.2%. Tower Research Capital LLC (trc) grew its ownership by buying 76 shares an increase of 15.4% as of 03/31/2017. Tower Research Capital LLC (trc) claims 570 shares valued at $34,000. The value of the position overall is up by 17.2%.
On July 11 the company was changed to a “Outperform” in a report from William Blair a boost from the previous “” rating. On June 21 the stock rating was upgraded to “Neutral” from “Sell” in a report from UBS.
On June 19 the company was upgraded from “Underperform” to “Neutral” in an announcement from Bank of America. On December 13 the stock rating was downgraded from “Buy” to “Hold” in a statement from Jefferies.
On November 28 the stock rating was upgraded to “Neutral” from “Underweight” by PiperJaffray. On October 12 Deutsche Bank kept the company rating at “Equal-Weight” but moved down the price target from $54.00 to $50.00.
The company is trading down by -1.99% since yesterday’s close of $70.41. AGCO Corporation also recently announced a dividend paid on Thursday the 15th of June 2017. The dividend payment was $0.140 per share for the quarter which comes to $0.56 on an annualized basis. The dividend yield was $0.81. The ex-dividend date was Thursday the 11th of May 2017.
The company currently has a P/E ratio of 39.19 and market cap is 5.49B. As of the latest earnings report the EPS was $1.76 and is expected to be $2.79 for the current year with 79,494,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.69 and the next full year EPS is projected to be $3.52.
AGCO Corporation, launched on April 22, 1991, is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world. 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. The Business’s segments are North America, South America, Europe/Middle East, and Asia/Pacific/Africa. The Business’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. As of December 31, 2016, the Company distributed its products through over 3,000 independent dealers and distributors in more than 150 countries. In addition, the Company also provides retail and wholesale financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank)..