Teachers Retirement System of The State of Kentucky Sells 47,775 Shares of AGCO Co. (NYSE:AGCO)

Teachers Retirement System of The State of Kentucky decreased its holdings in AGCO Co. (NYSE:AGCOGet Rating) by 84.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,486 shares of the industrial products company’s stock after selling 47,775 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AGCO were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Herold Advisors Inc. bought a new stake in AGCO in the first quarter worth about $29,000. IndexIQ Advisors LLC bought a new stake in AGCO in the first quarter worth about $37,000. Kistler Tiffany Companies LLC lifted its stake in AGCO by 466.7% in the first quarter. Kistler Tiffany Companies LLC now owns 255 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 210 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of AGCO during the first quarter worth approximately $58,000. Finally, Quent Capital LLC purchased a new position in shares of AGCO during the fourth quarter worth approximately $60,000. Institutional investors own 75.94% of the company’s stock.

Insider Buying and Selling at AGCO

In other AGCO news, CAO Lara Thrush Long sold 939 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 1,491 shares in the company, valued at $157,300.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, 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 transaction of $99,064.50. Following the completion of the sale, the chief accounting officer now directly owns 1,491 shares in the company, valued at $157,300.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $2,063,817.90. Following the sale, the chief executive officer now owns 88,002 shares of the company’s stock, valued at $9,393,333.48. The disclosure for this sale can be found here. Insiders sold a total of 27,274 shares of company stock worth $2,913,422 over the last three months. Corporate insiders own 17.40% of the company’s stock.

AGCO Price Performance

Shares of AGCO opened at $101.04 on Friday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.36. AGCO Co. has a twelve month low of $88.55 and a twelve month high of $150.28. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $106.68 and a two-hundred day moving average of $117.88.

AGCO (NYSE:AGCOGet Rating) last announced its earnings results on Thursday, July 28th. The industrial products company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.20. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.92 billion. AGCO had a net margin of 6.89% and a return on equity of 22.54%. AGCO’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $2.88 earnings per share. As a group, analysts predict that AGCO Co. will post 11.86 earnings per share for the current fiscal 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 yield of 0.95%. AGCO’s dividend payout ratio (DPR) is 9.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGCO. Credit Suisse Group set a $128.00 target price on shares of AGCO in a research report on Tuesday, July 19th. Jefferies Financial Group reduced their target price on shares of AGCO from $170.00 to $150.00 in a research report on Friday, July 15th. Morgan Stanley reduced their target price on shares of AGCO from $129.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Citigroup raised their target price on shares of AGCO to $125.00 in a research report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of AGCO from $178.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AGCO currently has an average rating of “Moderate Buy” and an average price target of $135.36.

AGCO Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding AGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGCO Co. (NYSE:AGCOGet Rating).

Institutional Ownership by Quarter for AGCO (NYSE:AGCO)

Receive News & Ratings for AGCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGCO and related companies with MarketBeat.com's FREE daily email newsletter.