Today’s Shorts Alert: What’s Next for Agco Corporation (NYSE:AGCO) After Having Less Shares Shorted?

November 23, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Shorts Alert: What's Next for Agco Corporation (NYSE:AGCO) After Having Less Shares Shorted?

The stock of Agco Corporation (NYSE:AGCO) registered a decrease of 8.9% in short interest. AGCO’s total short interest was 8.93M shares in November as published by FINRA. Its down 8.9% from 9.80 million shares, reported previously. With 1.05 million shares average volume, it will take short sellers 9 days to cover their AGCO’s short positions. The short interest to Agco Corporation’s float is 14.55%. About 1.11M shares traded hands or 19.10% up from the average. AGCO Corporation (NYSE:AGCO) has risen 3.43% since April 21, 2016 and is uptrending. It has underperformed by 1.90% the S&P500.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.61 billion. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. It has a 29.09 P/E ratio. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific.

Insitutional Activity: The institutional sentiment increased to 0.87 in 2016 Q2. Its up 0.26, from 0.61 in 2016Q1. The ratio increased, as 49 funds sold all AGCO Corporation shares owned while 133 reduced positions. 20 funds bought stakes while 91 increased positions. They now own 70.87 million shares or 7.82% less from 76.88 million shares in 2016Q1.
Agf Investments America Inc accumulated 0.97% or 45,270 shares. Hussman Strategic has 1.08% invested in the company for 150,000 shares. Trexquant Investment Limited Partnership accumulated 0.07% or 11,652 shares. Cibc last reported 0% of its portfolio in the stock. Gsa Cap Prns Ltd Liability Partnership last reported 12,667 shares in the company. Moreover, Capstone Asset has 0.01% invested in AGCO Corporation (NYSE:AGCO) for 8,320 shares. Citadel Advisors Ltd Limited Liability Company has invested 0% of its portfolio in AGCO Corporation (NYSE:AGCO). California Employees Retirement accumulated 269,463 shares or 0.02% of the stock. British Columbia Investment Mgmt Corp holds 0.01% or 18,929 shares in its portfolio. The Colorado-based Janus Mgmt Lc has invested 0% in AGCO Corporation (NYSE:AGCO). Moreover, Ameritas Prns has 0.03% invested in AGCO Corporation (NYSE:AGCO) for 11,215 shares. J Goldman And Ltd Partnership has 0% invested in the company for 1,100 shares. Moreover, Hm Payson has 0.05% invested in AGCO Corporation (NYSE:AGCO) for 20,576 shares. World Asset Mgmt last reported 4,340 shares in the company. Ngam Advsrs Lp has 0.02% invested in the company for 29,665 shares.

Insider Transactions: Since August 16, 2016, the stock had 0 insider purchases, and 2 insider sales for $135,870 net activity. 283 shares were sold by Veltmaat Hans Bernd, worth $13,493. 2,309 shares were sold by COLLAR GARY L, worth $122,377 on Monday, November 14.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Out of 12 analysts covering Agco Corporation (NYSE:AGCO), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Wednesday, October 12 with “Equal-Weight”. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 28. On Monday, August 24 the stock rating was maintained by Piper Jaffray with “Neutral”. As per Thursday, July 30, the company rating was upgraded by Vertical Research. Deutsche Bank initiated the shares of AGCO in a report on Wednesday, September 7 with “Hold” rating. The rating was upgraded by Wells Fargo to “Outperform” on Monday, October 10. As per Friday, September 25, the company rating was initiated by Barclays Capital. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, February 3. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, December 16. The rating was maintained by Citigroup on Friday, July 15 with “Neutral”.

AGCO Company Profile

AGCO Corporation, incorporated on April 22, 1991, is a maker and distributor of agricultural equipment and related replacement parts around the world. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company’s Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.

Another recent and important AGCO Corporation (NYSE:AGCO) news was published by Nasdaq.com which published an article titled: “AGCO Corporation (AGCO) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016.

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By Marguerite Chambers


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