Moon Capital Management buys $3,871,872 stake in AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : Moon Capital Management scooped up 1,158 additional shares in AGCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 79,228 shares of AGCO Corporation which is valued at $3,871,872.AGCO Corporation makes up approximately 4.67% of Moon Capital Management’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management reduced its stake in AGCO by selling 206,955 shares or 94.41% in the most recent quarter. The Hedge Fund company now holds 12,260 shares of AGCO which is valued at $599,146. Simplex Trading sold out all of its stake in AGCO during the most recent quarter. The investment firm sold 4,618 shares of AGCO which is valued $225,682. Americafirst Capital Management sold out all of its stake in AGCO during the most recent quarter. The investment firm sold 7,626 shares of AGCO which is valued $372,683.Raymond James Trust N.a. reduced its stake in AGCO by selling 529 shares or 6.15% in the most recent quarter. The Hedge Fund company now holds 8,072 shares of AGCO which is valued at $385,034. AGCO Corporation makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.

AGCO Corporation closed down -0.12 points or -0.24% at $48.87 with 4,74,962 shares getting traded on Wednesday. Post opening the session at $49.06, the shares hit an intraday low of $48.79 and an intraday high of $49.345 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, AGCO Corporation reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.05. The company had revenue of $1559.30 million for the quarter, compared to analysts expectations of $1470.72 million. The company’s revenue was down -8.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on AGCO Corporation. AGCO Corporation was Downgraded by JP Morgan to ” Underweight” on Jun 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 52 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.

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