Amalgamated Bank Has $6.31 Million Stake in AGCO Co. (NYSE:AGCO)

Amalgamated Bank decreased its position in AGCO Co. (NYSE:AGCOGet Rating) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,206 shares of the industrial products company’s stock after selling 1,206 shares during the period. Amalgamated Bank’s holdings in AGCO were worth $6,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Herold Advisors Inc. acquired a new position in AGCO in the first quarter valued at $29,000. IndexIQ Advisors LLC acquired a new position in shares of AGCO during the first quarter valued at about $37,000. Kistler Tiffany Companies LLC raised its holdings in shares of AGCO by 466.7% during the first quarter. Kistler Tiffany Companies LLC now owns 255 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 210 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of AGCO during the first quarter valued at about $58,000. Finally, Quent Capital LLC acquired a new position in shares of AGCO during the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AGCO. Citigroup boosted their target price on shares of AGCO to $125.00 in a research report on Tuesday, August 9th. Morgan Stanley decreased their target price on shares of AGCO from $129.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. StockNews.com downgraded shares of AGCO from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Credit Suisse Group set a $128.00 price objective on shares of AGCO in a research report on Tuesday, July 19th. Finally, Oppenheimer reduced their price objective on shares of AGCO from $169.00 to $156.00 and set an “outperform” rating for the company in a research report on Tuesday, July 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.36.

Insider Buying and Selling at AGCO

In other news, CAO Lara Thrush Long sold 939 shares of AGCO stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $105.50, for a total value of $99,064.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,491 shares in the company, valued at $157,300.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Andrew H. Beck sold 19,335 shares of AGCO stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $106.74, for a total value of $2,063,817.90. Following the completion of the transaction, the chief executive officer now directly owns 88,002 shares in the company, valued at $9,393,333.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Lara Thrush Long sold 939 shares of AGCO stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $105.50, for a total value of $99,064.50. Following the completion of the transaction, the chief accounting officer now owns 1,491 shares of the company’s stock, valued at $157,300.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,274 shares of company stock worth $2,913,422 over the last ninety days. 17.40% of the stock is currently owned by company insiders.

AGCO Stock Performance

NYSE:AGCO opened at $103.69 on Monday. The company has a market capitalization of $7.74 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.91 and a beta of 1.36. The business has a fifty day simple moving average of $105.75 and a two-hundred day simple moving average of $118.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 0.64. AGCO Co. has a 1 year low of $88.55 and a 1 year high of $150.28.

AGCO (NYSE:AGCOGet Rating) last issued its earnings results on Thursday, July 28th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.20. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.92 billion. AGCO had a return on equity of 22.54% and a net margin of 6.89%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 earnings per share. On average, analysts expect that AGCO Co. will post 11.86 earnings per share for the current year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 15th were paid a $0.24 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.96 annualized dividend and a dividend yield of 0.93%. AGCO’s payout ratio is presently 9.10%.

AGCO Profile

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AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses.

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Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

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