Schwerin Boyle Capital Management Inc Lowers stake in AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : Schwerin Boyle Capital Management Inc reduced its stake in AGCO Corporation by 0.17% during the most recent quarter end. The investment management company now holds a total of 472,374 shares of AGCO Corporation which is valued at $25,035,822 after selling 800 shares in AGCO Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.AGCO Corporation makes up approximately 3.26% of Schwerin Boyle Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Cambria Investment Management reduced its stake in AGCO by selling 3,421 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 29,146 shares of AGCO which is valued at $1,544,738. AGCO Corporation makes up approx 0.72% of Cambria Investment Management’s portfolio.Marshall Wace Llp reduced its stake in AGCO by selling 74,566 shares or 40.92% in the most recent quarter. The Hedge Fund company now holds 107,670 shares of AGCO which is valued at $5,589,150. AGCO Corporation makes up approx 0.04% of Marshall Wace Llp’s portfolio.Trexquant Investment Lp boosted its stake in AGCO in the latest quarter, The investment management firm added 4,048 additional shares and now holds a total of 15,700 shares of AGCO Corporation which is valued at $814,987. AGCO Corporation makes up approx 0.18% of Trexquant Investment Lp’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in AGCO in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 31,840 shares of AGCO Corporation which is valued at $1,614,288. AGCO Corporation makes up approx 0.09% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Nordea Investment Management Ab boosted its stake in AGCO in the latest quarter, The investment management firm added 2,389 additional shares and now holds a total of 954,315 shares of AGCO Corporation which is valued at $46,856,867. AGCO Corporation makes up approx 0.13% of Nordea Investment Management Ab’s portfolio.

AGCO Corporation closed down -0.75 points or -1.40% at $52.71 with 5,00,752 shares getting traded on Monday. Post opening the session at $53.55, the shares hit an intraday low of $52.66 and an intraday high of $53.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, AGCO Corporation reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.36. The company had revenue of $1761.60 million for the quarter, compared to analysts expectations of $1653.31 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on AGCO Corporation. AGCO Corporation was Upgraded by Wells Fargo to ” Outperform” on Oct 10, 2016. Deutsche Bank Initiated AGCO Corporation on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $54.

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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