Louisiana State Employees Retirement System Raises Position in AGCO Corporation (AGCO)

29 Juillet, 2017, 06:47 | Author: Marc Bacque

Crain Robert B sold $92,030 worth of AGCO Corporation (NYSE:AGCO) on Friday, February 24. Quadrature Capital Ltd now owns 6,756 shares of the industrial products company's stock worth $391,000 after buying an additional 1,736 shares in the last quarter. The firm is scheduled to report its next earnings results on Thursday, August 3rd.

Shares of AGCO Corporation (AGCO) traded down 1.183% during midday trading on Friday, hitting $71.405. Axsome Therapeutics had 3 analyst reports since December 14, 2015 according to SRatingsIntel. On average, equities analysts expect that AGCO Corporation will post $2.94 EPS for the current year.

Analysts await AGCO Corporation (NASDAQ:AGCO) to report earnings on Jul, 27 for the fiscal quarter ending Jun 2017. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.15. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. AGCO had a negative net margin of 1.18% and a negative return on equity of 1.45%. The firm's revenue was up 4.4% compared to the same quarter past year. During the same quarter in the prior year, the company posted $1.25 EPS.

Several research firms have recently weighed in on AGCO. Zacks Investment Research raised shares of AGCO Corporation from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a report on Tuesday, April 11th. J P Morgan Chase & Co raised AGCO Corporation from an "underweight" rating to a "neutral" rating and raised their target price for the company from $47.00 to $60.00 in a research report on Monday, May 1st.

04/11/2017 - Stifel Nicolaus began new coverage on AGCO Corporation giving the company a " rating. They issued a "hold" rating and a $64.00 price target for the company. Finally, Seaport Global Securities lifted their price objective on AGCO Corporation from $57.00 to $61.00 and gave the stock a "neutral" rating in a report on Monday, May 1st. The company presently has a consensus rating of Hold and an average price target of $63.73. The stock increased 0.15% or $0.11 during the last trading session, reaching $71.85. The firm has a market cap of $5.75 billion, a P/E ratio of 41.07 and a beta of 0.85. The firm has a 50-day moving average of $68.06 and a 200-day moving average of $63.58.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.14 per share. This dividend amount represented a yeild of $0.78.

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TRADEMARK VIOLATION NOTICE: This piece was first reported by Week Herald and is the property of of Week Herald. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/07/26/agco-corporation-nyseagco-shares-bought-by-schwab-charles-investment-management-inc-updated.html. Also, SVP Lucinda B. Smith sold 5,000 shares of the company's stock in a transaction that occurred on Friday, May 5th. The stock was unloaded at a price range of of $64.00, amounting $320,000.00. Following the completion of the sale, the senior vice president now directly owns 40,977 shares of the company's stock, valued at $2,622,528.

In related news, VP Richard Robinson Smith sold 2,037 shares of the stock in a transaction dated Friday, May 12th. Following the sale, the vice president now directly owns 41,717 shares in the company, valued at approximately $2,666,133.47. The disclosure for this sale can be found here. Institutional investors and hedge funds own 84.20% of the company's stock. Daiwa Securities Group Inc. increased its stake in AGCO Corporation by 22.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the industrial products company's stock worth $211,000 after buying an additional 1,300 shares during the period. Teachers Advisors LLC raised its position in shares of AGCO Corporation by 117.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the industrial products company's stock worth $132,000 after buying an additional 400 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in AGCO Corporation by 59.1% in the first quarter. BNP Paribas Arbitrage SA now owns 79,156 shares of the industrial products company's stock worth $4,764,000 after buying an additional 27,863 shares in the last quarter. The Southernsun Asset Management Llc holds 3.11 million shares with $180.04 million value, down from 4.03M last quarter. Dimensional Fund Advisors LP now owns 2,791,183 shares of the industrial products company's stock valued at $167,973,000 after buying an additional 46,690 shares in the last quarter. The value of the investment in AGCO Corporation went from $896,000 to $996,000 a change of 11.2% quarter over quarter. Financial Architects Inc's holdings in AGCO Corporation were worth $104,000 at the end of the most recent quarter.

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