Agf Investments buys $68,823,346 stake in AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : Agf Investments scooped up 221,904 additional shares in AGCO Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,411,182 shares of AGCO Corporation which is valued at $68,823,346.AGCO Corporation makes up approximately 0.75% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Capital Fund Management S.a. sold out all of its stake in AGCO during the most recent quarter. The investment firm sold 42,291 shares of AGCO which is valued $2,049,422. John G Ullman Associates Inc added AGCO to its portfolio by purchasing 37,800 company shares during the most recent quarter which is valued at $1,835,190. AGCO Corporation makes up approx 0.36% of John G Ullman Associates Inc’s portfolio.

AGCO Corporation closed down -1.91 points or -3.92% at $46.86 with 16,44,011 shares getting traded on Thursday. Post opening the session at $48.79, the shares hit an intraday low of $46.75 and an intraday high of $49.71 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Investors should note that on Jul 26, 2016, AGCO Corporation announced a cash dividend of $0.1300. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 15, 2016.

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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