AGCO Corporation (AGCO) : Moon Capital Management reduced its stake in AGCO Corporation by 0.69% during the most recent quarter end. The investment management company now holds a total of 78,070 shares of AGCO Corporation which is valued at $3,923,018 after selling 545 shares in AGCO Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.AGCO Corporation makes up approximately 4.95% of Moon Capital Management’s portfolio.
AGCO Corporation opened for trading at $49.9 and hit $50.71 on the upside on Monday, eventually ending the session at $50.42, with a gain of 0.34% or 0.17 points. The heightened volatility saw the trading volume jump to 4,42,458 shares. Company has a market cap of $4,157 M.
Other Hedge Funds, Including , Kanaly Trust Co boosted its stake in AGCO in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 407 shares of AGCO Corporation which is valued at $20,452.Dnb Asset Management As reduced its stake in AGCO by selling 142,263 shares or 91.19% in the most recent quarter. The Hedge Fund company now holds 13,736 shares of AGCO which is valued at $690,234. AGCO Corporation makes up approx 0.01% of Dnb Asset Management As’s portfolio.British Columbia Investment Management Corp reduced its stake in AGCO by selling 10,994 shares or 36.74% in the most recent quarter. The Hedge Fund company now holds 18,929 shares of AGCO which is valued at $917,489. AGCO Corporation makes up approx 0.01% of British Columbia Investment Management Corp’s portfolio.Proficio Capital Partners reduced its stake in AGCO by selling 6 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 10 shares of AGCO which is valued at $485.Creative Planning boosted its stake in AGCO in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 9,945 shares of AGCO Corporation which is valued at $482,034.
On the company’s financial health, AGCO Corporation reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.79. The company had revenue of $1959.00 million for the quarter, compared to analysts expectations of $2028.78 million. The company’s revenue was down -21.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.
Many Wall Street Analysts have commented on AGCO Corporation. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 45 from a previous price target of $46 .Shares were Reiterated by Barclays on Feb 3, 2016 to “Equal Weight” and Lowered the Price Target to $ 43 from a previous price target of $45 .
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company 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. Its 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. The Company’s geographical segments include North America South America Europe/Africa/Middle East and Asia/Pacific. The Company’s AGCO Power engines division produces diesel engines gears and generating sets. It also offers precision farming technologies which are installed in its products and include satellite-based steering field data collection yield mapping and telemetry-based fleet management systems.