AGCO Corporation (NYSE:AGCO) Stock Closed 6.5% Above Its 50 Day Average

Victory Capital Management Inc. bought a new stake in shares of AGCO Corporation during the first quarter valued at approximately $104,317,000. The Trust invests in a range of sectors, including aerospace and defense; agricultural and farm machinery; apparel retail; auto parts and equipment; building products; cable and satellite; construction and engineering; consumer finance; diversified banks; food retail; healthcare facilities; homebuilding; industrial machinery; Internet software and services; gas and oil equipment and services, paper packaging, and pharmaceuticals. Jane Street Group LLC's holdings in AGCO Corporation were worth $336,000 at the end of the most recent quarter.

A number of other equities research analysts also recently weighed in on AGCO. Nomura Holdings Inc. increased its position in AGCO Corporation by 153.9% in the first quarter. Proficio Capital Partners LLC bolstered its ownership by buying 147 shares an increase of 1,470.0% from 12/31/2016 to 03/31/2017. Employees Retirement System of Texas purchased a new position in shares of AGCO Corporation during the fourth quarter valued at approximately $3,819,000. Mitsubishi Ufj And Banking holds 140,279 shares or 0.02% of its portfolio. Dimensional Fund Advisors LP increased its stake in shares of AGCO Corporation by 1.7% in the first quarter. Institutional investors and hedge funds own 84.31% of the company's stock. BMO Capital Markets maintained AGCO Corporation (NYSE:AGCO) on Friday, May 26 with "Hold" rating. Renaissance Technologies LLC now owns 234,100 shares of the industrial products company's stock valued at $13,545,000 after buying an additional 106,900 shares during the period.

01/24/2017 - Berenberg Bank began new coverage on AGCO Corporation giving the company a " rating. DnB Asset Management AS now owns 15,136 shares of the industrial products company's stock valued at $911,000 after buying an additional 1,300 shares during the last quarter.

Shares of AGCO Corporation (NYSE AGCO) traded down 1.99% during mid-day trading on Monday, reaching $69.01. About 820,202 shares traded or 40.71% up from the average. The firm's 50 day moving average price is $65.40 and its 200 day moving average price is $62.23.

AGCO Corporation now has a P/E ratio of 39.91 and market capitalization is 5.59B. AGCO Corporation has a 52 week low of $46.22 and a 52 week high of $70.77.

AGCO Corporation (NYSE:AGCO) last posted its quarterly earnings data on Friday, April 28th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.17) by $0.15. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.54 billion. Analysts expect next quarter's EPS will be $0.69 and the next full year EPS is projected to be $3.52. AGCO Corporation's quarterly revenue was up 4.4% on a year-over-year basis.

As of late the company also disclosed a divided for the quarter, expected to be paid on early Fri, Sep 15th. Stockholders of record on Monday, May 15th were issued a dividend of $0.14 per share. This dividend represents a yield of $0.80. The ex-dividend date was set for Thursday the 11th of May 2017. AGCO Corporation's dividend payout ratio (DPR) is now 32.00%.

COPYRIGHT VIOLATION NOTICE: "Vanguard Group Inc". If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & global copyright legislation. Deutsche Bank maintained AGCO Corporation (NYSE:AGCO) on Wednesday, October 12 with "Hold" rating.

Several research analysts recently commented on the stock. October 12 investment analysts at Barclays left the stock rating at "Equal-Weight" and moved up the price target to $50.00 from $45.00. Credit Suisse Group set a $60.00 target price on shares of AGCO Corporation and gave the company a hold rating in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC restated a "hold" rating and issued a $61.00 price objective on shares of AGCO Corporation in a report on Wednesday, May 31st. The stock of AGCO Corporation (NYSE:AGCO) earned "Underweight" rating by JP Morgan on Monday, June 27. They now have a United States dollars 64 price target on the stock. On December 13, 2016 the stock rating was changed to a "Hold" by Jefferies down from the previous "Buy" rating. The company now has a consensus rating of "Hold" and a consensus price target of $63.43.

In related news, SVP Lucinda B. Smith sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 5th. Ladenburg Thalmann Financial Services has an ownership of 3,203 stocks of the industrial products firms shares valued at $187,000 after scooping up an extra 62 stocks in the previous period. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Richard Robinson Smith sold 2,037 shares of the firm's stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $63.91, for a total value of $130,184.67.

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