Ownership Change to Note: Institutional Investor’s Anti-Agco Corp (NYSE:AGCO) Sentiment In Q2 2016

November 29, 2016 - By Ellis Scott   ·   0 Comments

Ownership Change to Note: Institutional Investor's Anti Agco Corp (NYSE:AGCO) Sentiment In  Q2 2016

Sentiment for Agco Corp (NYSE:AGCO)

Agco Corp (NYSE:AGCO) institutional sentiment increased to 0.87 in Q2 2016. Its up 0.26, from 0.61 in 2016Q1. The ratio improved, as 111 investment professionals increased and started new stock positions, while 182 sold and decreased their stakes in Agco Corp. The investment professionals in our partner’s database reported: 70.87 million shares, down from 76.88 million shares in 2016Q1. Also, the number of investment professionals holding Agco Corp in their top 10 stock positions was flat from 4 to 4 for the same number . Sold All: 49 Reduced: 133 Increased: 91 New Position: 20.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.49 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 29.05 P/E ratio. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific.

About 214,313 shares traded hands. AGCO Corporation (NYSE:AGCO) has risen 5.75% since April 26, 2016 and is uptrending. It has outperformed by 0.49% the S&P500.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on February, 7. They expect $0.72 earnings per share, down 10.00% or $0.08 from last year’s $0.8 per share. AGCO’s profit will be $57.59 million for 19.49 P/E if the $0.72 EPS becomes a reality. After $0.51 actual earnings per share reported by AGCO Corporation for the previous quarter, Wall Street now forecasts 41.18% EPS growth.

According to Zacks Investment Research, “AGCO CORP. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the United States and Canada. Products include tractors, combines, hay tools and forage equipment and implements.”

Blue Harbour Group L.P. holds 13.03% of its portfolio in AGCO Corporation for 6.67 million shares. Southernsun Asset Management Llc owns 4.06 million shares or 5.03% of their US portfolio. Moreover, Zuckerman Investment Group Llc has 3.49% invested in the company for 277,195 shares. The Massachusetts-based Schwerin Boyle Capital Management Inc has invested 3.2% in the stock. Fairpointe Capital Llc, a Illinois-based fund reported 2.12 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 selling transactions for $135,870 net activity.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Ratings analysis reveals 8% of Agco Corporation’s analysts are positive. Out of 13 Wall Street analysts rating Agco Corporation, 1 give it “Buy”, 3 “Sell” rating, while 9 recommend “Hold”. The lowest target is $39 while the high is $54. The stock’s average target of $47.82 is -14.80% below today’s ($56.13) share price. AGCO was included in 26 notes of analysts from July 27, 2015. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. As per Wednesday, February 3, the company rating was maintained by RBC Capital Markets. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by Deutsche Bank on Wednesday, October 12. The firm earned “Neutral” rating on Friday, September 25 by Bank of America. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, October 12 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, December 16. Deutsche Bank upgraded the stock to “Hold” rating in Thursday, December 17 report. The rating was downgraded by UBS on Thursday, October 1 to “Sell”. The stock of AGCO Corporation (NYSE:AGCO) earned “Neutral” rating by PiperJaffray on Monday, November 28. On Monday, June 27 the stock rating was downgraded by JP Morgan to “Underweight”.

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 Ellis Scott

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