Luis Fernando Sartini Felli Sells 5,000 Shares of AGCO Corporation (NYSE:AGCO) Stock

Key Points

• Luis Fernando Sartini Felli, SVP of AGCO Corporation, sold 5,000 shares for a total of $557,500, reducing his ownership to 26,189 shares, a 16.03% decrease.
• AGCO recently beat earnings expectations with a reported **$1.35 EPS**, exceeding the consensus estimate of $1.06, while experiencing an **18.8% decline** in revenue year-over-year.
• The company's board authorized a **$1 billion share buyback program**, indicating confidence in the stock's undervaluation, and a quarterly dividend of **$0.29 per share** is set to be paid on September 15th.

AGCO Corporation (NYSE:AGCO - Get Free Report) SVP Luis Fernando Sartini Felli sold 5,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $111.50, for a total transaction of $557,500.00. Following the completion of the transaction, the senior vice president directly owned 26,189 shares in the company, valued at approximately $2,920,073.50. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, August 11th, Luis Fernando Sartini Felli sold 10,000 shares of AGCO stock. The stock was sold at an average price of $109.40, for a total transaction of $1,094,000.00.

AGCO Stock Performance

AGCO traded down $0.15 during trading on Tuesday, hitting $110.55. The stock had a trading volume of 463,950 shares, compared to its average volume of 878,919. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.48. The firm has a market capitalization of $8.25 billion, a P/E ratio of 82.43, a PEG ratio of 1.72 and a beta of 1.21. The company's 50-day moving average price is $106.84 and its 200 day moving average price is $99.05. AGCO Corporation has a twelve month low of $73.79 and a twelve month high of $121.16.

AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. AGCO's revenue was down 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 EPS. On average, equities research analysts forecast that AGCO Corporation will post 4.2 EPS for the current fiscal year.

AGCO declared that its board has authorized a share buyback program on Wednesday, July 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

AGCO Announces Dividend

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

Hedge Funds Weigh In On AGCO

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of AGCO by 128.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,504,328 shares of the industrial products company's stock worth $608,026,000 after buying an additional 3,654,350 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $271,259,000 after buying an additional 2,444,615 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of AGCO by 78.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,955,740 shares of the industrial products company's stock worth $201,755,000 after buying an additional 861,377 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of AGCO in the 4th quarter worth about $62,022,000. Finally, Bank of New York Mellon Corp boosted its position in shares of AGCO by 62.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,135,672 shares of the industrial products company's stock worth $105,129,000 after buying an additional 436,237 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AGCO shares. JPMorgan Chase & Co. lifted their price target on shares of AGCO from $130.00 to $137.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group lifted their price target on shares of AGCO from $91.00 to $107.00 and gave the company a "neutral" rating in a research report on Tuesday, May 27th. Oppenheimer lifted their price target on shares of AGCO from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Morgan Stanley lifted their price target on shares of AGCO from $75.00 to $84.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Finally, Citigroup reiterated a "neutral" rating and set a $110.00 price target on shares of AGCO in a research report on Friday, May 30th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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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