Cwm LLC Cuts Stock Holdings in AGCO Co. (NYSE:AGCO)

Cwm LLC lowered its stake in shares of AGCO Co. (NYSE:AGCO) by 88.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,177 shares of the industrial products company’s stock after selling 9,278 shares during the quarter. Cwm LLC’s holdings in AGCO were worth $115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Forum Financial Management LP grew its stake in shares of AGCO by 5.5% in the 2nd quarter. Forum Financial Management LP now owns 2,108 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 109 shares in the last quarter. Manchester Capital Management LLC grew its position in AGCO by 93.2% in the 1st quarter. Manchester Capital Management LLC now owns 228 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 110 shares in the last quarter. Capital Insight Partners LLC increased its stake in AGCO by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 4,401 shares of the industrial products company’s stock valued at $431,000 after buying an additional 110 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of AGCO by 121.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 213 shares of the industrial products company’s stock worth $26,000 after buying an additional 117 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in shares of AGCO by 3.9% in the 1st quarter. William Blair Investment Management LLC now owns 3,766 shares of the industrial products company’s stock worth $463,000 after buying an additional 143 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lange Bob De bought 1,420 shares of AGCO stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $87.91 per share, with a total value of $124,832.20. Following the acquisition, the director now directly owns 7,007 shares of the company’s stock, valued at $615,985.37. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Lange Bob De purchased 1,420 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $87.91 per share, with a total value of $124,832.20. Following the acquisition, the director now directly owns 7,007 shares in the company, valued at approximately $615,985.37. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Arnold purchased 1,800 shares of AGCO stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of $87.69 per share, with a total value of $157,842.00. Following the completion of the transaction, the director now directly owns 20,465 shares in the company, valued at approximately $1,794,575.85. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by insiders.

AGCO Price Performance

AGCO opened at $100.42 on Friday. The firm has a 50-day moving average price of $94.29 and a 200-day moving average price of $100.88. AGCO Co. has a twelve month low of $84.35 and a twelve month high of $130.26. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.91 and a beta of 1.25.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $2.90 by ($0.37). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.48 billion. AGCO had a net margin of 3.13% and a return on equity of 21.17%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.29 earnings per share. Equities analysts expect that AGCO Co. will post 8 EPS for the current year.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.16%. AGCO’s payout ratio is 7.85%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their price target on AGCO from $127.00 to $112.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Barclays decreased their target price on AGCO from $145.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, July 18th. StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Raymond James began coverage on shares of AGCO in a report on Friday, June 28th. They set a “market perform” rating for the company. Finally, UBS Group dropped their target price on shares of AGCO from $107.00 to $104.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AGCO has a consensus rating of “Hold” and a consensus target price of $117.80.

AGCO Company Profile

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.