Tweedy Browne Co buys $36,606,883 stake in AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : Tweedy Browne Co scooped up 6,771 additional shares in AGCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 776,392 shares of AGCO Corporation which is valued at $36,606,883.AGCO Corporation makes up approximately 1.00% of Tweedy Browne Co’s portfolio.

Other Hedge Funds, Including , Ameritas Investment Partners boosted its stake in AGCO in the latest quarter, The investment management firm added 477 additional shares and now holds a total of 11,215 shares of AGCO Corporation which is valued at $528,787. AGCO Corporation makes up approx 0.03% of Ameritas Investment Partners’s portfolio.Quadrant Capital Group boosted its stake in AGCO in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 820 shares of AGCO Corporation which is valued at $39,491. AGCO Corporation makes up approx 0.03% of Quadrant Capital Group’s portfolio.Meeder Asset Management Inc boosted its stake in AGCO in the latest quarter, The investment management firm added 1,056 additional shares and now holds a total of 8,110 shares of AGCO Corporation which is valued at $393,741. AGCO Corporation makes up approx 0.04% of Meeder Asset Management Inc’s portfolio. Parkwood sold out all of its stake in AGCO during the most recent quarter. The investment firm sold 11,085 shares of AGCO which is valued $538,177.

AGCO Corporation opened for trading at $47.24 and hit $50.1 on the upside on Friday, eventually ending the session at $49.85, with a gain of 6.84% or 3.19 points. The heightened volatility saw the trading volume jump to 23,93,746 shares. Company has a market cap of $4,044 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.

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