Southernsun Asset Management Lowers stake in AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : Southernsun Asset Management reduced its stake in AGCO Corporation by 0.39% during the most recent quarter end. The investment management company now holds a total of 4,063,701 shares of AGCO Corporation which is valued at $191,603,502 after selling 15,907 shares in AGCO Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.AGCO Corporation makes up approximately 4.73% of Southernsun Asset Management’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management sold out all of its stake in AGCO during the most recent quarter. The investment firm sold 143,076 shares of AGCO which is valued $6,746,033.State Of Wisconsin Investment Board reduced its stake in AGCO by selling 4,100 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 143,789 shares of AGCO which is valued at $6,779,651. AGCO Corporation makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.I.g. Investment Management Ltd. boosted its stake in AGCO in the latest quarter, The investment management firm added 4,146 additional shares and now holds a total of 159,581 shares of AGCO Corporation which is valued at $7,726,912. AGCO Corporation makes up approx 0.03% of I.g. Investment Management Ltd.’s portfolio.Agf Investments boosted its stake in AGCO in the latest quarter, The investment management firm added 221,904 additional shares and now holds a total of 1,411,182 shares of AGCO Corporation which is valued at $68,823,346. AGCO Corporation makes up approx 0.75% of Agf Investments’s portfolio.

AGCO Corporation opened for trading at $48.07 and hit $48.78 on the upside on Monday, eventually ending the session at $48.56, with a gain of 1.38% or 0.66 points. The heightened volatility saw the trading volume jump to 4,64,975 shares. Company has a market cap of $3,939 M.

On the company’s financial health, AGCO Corporation reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.33 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.92. The company had revenue of $1995.60 million for the quarter, compared to analysts expectations of $1881.83 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Many Wall Street Analysts have commented on AGCO Corporation. AGCO Corporation was Downgraded by Piper Jaffray to ” Underweight” on Jul 25, 2016. AGCO Corporation was Downgraded by JP Morgan to ” Underweight” on Jun 27, 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.

Leave a Reply

AGCO Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on AGCO Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.