Agco Corp /de (AGCO) Files Form 4 Insider Selling : Martin Richenhagen Sells 10,628 Shares

Agco Corp /de (AGCO): Martin Richenhagen , Chairman, President and CEO of Agco Corp /de sold 10,628 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $52.54 per share for a total value of $558,373.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 7, 2015, Gary L Collar (Sr. VP – General Manager, APAC) sold 3,000 shares at $57.00 per share price.On Aug 7, 2015, Robert B Crain (Sr VP, Gen. Mgr. Americas) sold 3,000 shares at $56.25 per share price.Also, On Aug 4, 2015, Andrew H Beck (Sr. VP and CFO) sold 3,809 shares at $54.87 per share price.On Jun 2, 2015, Hans Bernd Veltmaat (Sr VP, Chief Supply Chain Off.) sold 7,120 shares at $51.32 per share price.

Shares of AGCO Corporation (AGCO) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1 points or -1.90% at $51.58 with 10,01,101 shares getting traded. Post opening the session at $52.4, the shares hit an intraday low of $51.32 and an intraday high of $52.84 and the price vacillated in this range throughout the day. The company has a market cap of $4,253 M and the number of outstanding shares has been calculated to be 8,24,49,867 shares. The 52-week high of AGCO Corporation is $57.9 and the 52-week low is $41.91.

AGCO Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.AGCO Corporation is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 52 from a previous price target of $45 .The Rating was issued on Apr 28, 2016.

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.

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