Agco Corp (NYSE:AGCO).
Blue Harbour Group, L.p. sold 227,570 shares in the previous quarter decreasing its exposure to Agco Corp by 12.8%. Its position was valued at $113,862,000 a decrease of 4.6% according to the filing.
Several firms have shifted positions in (AGCO). As of quarter end Polar Capital Llp had sold 102,152 shares trimming its holdings by 21.6%. The value of the total investment in Agco Corp decreased from $31,930,000 to $27,417,000 a change of $4,513,000 since the last quarter. As of the end of the quarter Schroder Investment Management Group had acquired a total of 20,724 shares growing its stake by 2.1%. The value of the company’s investment in Agco Corp went from $67,025,000 to $75,449,000 a change of 12.6% quarter over quarter.
As of quarter end Tiaa Cref Investment Management LLC had sold a total of 27,597 shares trimming its position 2.6%. The value of the investment in (AGCO) increased from $72,301,000 to $77,110,000 increasing 6.7% quarter to quarter.
On October 9 Deutsche Bank AG made no change to the stock rating of “Buy” targeting a price of $86.00.
October 19 investment analysts at Piper Jaffray Companies held the stock rating at “Hold” projecting a price of $66.00.
November 1 investment analysts at Stifel Nicolaus held the company rating at “Hold” with a current price target of $73.00. Piper Jaffray Companies updated coverage of AGCO stating a rating of “Hold” and projecting a price target of $68.00.
The company is up by 1.70% since yesterday’s close of 65.79. Agco Corp currently has a P/E ratio of 26.32 and the market value is 5.32B. As of the last earnings report the EPS was $2.54 with 79.55M shares now outstanding.
Short traders are more bearish on Agco Corp as evidenced by the rise in short interest. The stock had a rise in short interest of 6.52% as of the latest report on October 31, 2017. Short interest grew from 4,523,419 to 4,818,495 over that timeframe. The short-interest ratio decreased to 6.0 and the percentage of shorted shares is 0.06% as of October 31.