AGCO Corporation (NYSE:AGCO) SVP Sells $1,094,000.00 in Stock

Key Points

• Luis Fernando Sartini Felli, Senior Vice President of AGCO Corporation, sold 10,000 shares for approximately $1.09 million, reducing his ownership by 38.18% to 16,189 shares valued at about $1.77 million.
• AGCO's recent earnings report showed $1.35 earnings per share, exceeding analyst estimates of $1.06, despite an 18.8% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.29 per share, with a payout ratio of 86.57%, and established a stock repurchase program for up to $1 billion in shares.

AGCO Corporation (NYSE:AGCO - Get Free Report) SVP Luis Fernando Sartini Felli sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $109.40, for a total transaction of $1,094,000.00. Following the completion of the sale, the senior vice president owned 16,189 shares of the company's stock, valued at approximately $1,771,076.60. The trade was a 38.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Luis Fernando Sartini Felli also recently made the following trade(s):

• On Friday, August 8th, Luis Fernando Sartini Felli sold 5,000 shares of AGCO stock. The stock was sold at an average price of $111.50, for a total transaction of $557,500.00.

AGCO Stock Performance

Shares of NYSE:AGCO traded down $0.15 on Tuesday, reaching $110.55. 463,950 shares of the company's stock were exchanged, compared to its average volume of 878,919. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 82.43, a PEG ratio of 1.72 and a beta of 1.21. AGCO Corporation has a fifty-two week low of $73.79 and a fifty-two week high of $121.16. The business's 50-day moving average is $106.84 and its two-hundred day moving average is $99.05. The company has a quick ratio of 0.67, a current ratio of 1.48 and a debt-to-equity ratio of 0.66.

AGCO (NYSE:AGCO - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.29. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.52 billion. AGCO had a net margin of 0.98% and a return on equity of 8.27%. The firm's revenue was down 18.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 earnings per share. As a group, equities research analysts forecast that AGCO Corporation will post 4.2 EPS for the current year.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. AGCO's dividend payout ratio is currently 86.57%.

AGCO declared that its board has approved a stock repurchase program on Wednesday, July 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the industrial products company to buy up to 12.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On AGCO

Several institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in AGCO by 7.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,985,474 shares of the industrial products company's stock valued at $646,648,000 after buying an additional 481,146 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AGCO by 12.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,046 shares of the industrial products company's stock valued at $309,745,000 after buying an additional 361,965 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AGCO by 14.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,306,812 shares of the industrial products company's stock valued at $306,112,000 after buying an additional 405,022 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in AGCO by 534.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,901,790 shares of the industrial products company's stock valued at $271,259,000 after buying an additional 2,444,615 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in AGCO by 1.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,744,133 shares of the industrial products company's stock valued at $256,522,000 after buying an additional 39,966 shares in the last quarter. Institutional investors own 78.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AGCO shares. Citigroup reissued a "neutral" rating and set a $110.00 target price on shares of AGCO in a research report on Friday, May 30th. JPMorgan Chase & Co. boosted their target price on shares of AGCO from $130.00 to $137.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group boosted their target price on shares of AGCO from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Morgan Stanley boosted their target price on shares of AGCO from $75.00 to $84.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen raised shares of AGCO from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $109.63.

About AGCO

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.

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