Does Agco Corporation (NYSE:AGCO) Have Gas After Even Less Sellers Involved?

June 20, 2017 - By Marry Poplack

 Does Agco Corporation (NYSE:AGCO) Have Gas After Even Less Sellers Involved?

Investors sentiment decreased to 0.74 in Q4 2016. Its down 0.13, from 0.87 in 2016Q3. It dropped, as 30 investors sold AGCO Corporation shares while 133 reduced holdings. 39 funds opened positions while 81 raised stakes. 68.10 million shares or 2.92% less from 70.15 million shares in 2016Q3 were reported.
Old Mutual Customised Solutions (Proprietary) reported 0.02% stake. Bnp Paribas Arbitrage Sa owns 51,293 shares for 0.01% of their portfolio. Proshare Advsrs invested in 0% or 7,129 shares. Prelude Ltd Llc invested 0.03% in AGCO Corporation (NYSE:AGCO). Morgan Stanley reported 0.02% of its portfolio in AGCO Corporation (NYSE:AGCO). California State Teachers Retirement Systems owns 148,989 shares. Bank & Trust Of Montreal Can reported 0% in AGCO Corporation (NYSE:AGCO). 135 were accumulated by Finemark National Bank & Trust Tru. Teachers Retirement Of The State Of Kentucky has 16,900 shares for 0.01% of their portfolio. Capstone Asset Mngmt Communications holds 0.01% or 8,090 shares. Spot Trading Ltd holds 0.01% or 10,718 shares. Advsrs Asset Mngmt holds 0.01% or 10,408 shares. State Street owns 3.45M shares. Ftb Advisors Inc has 0% invested in AGCO Corporation (NYSE:AGCO). Moon Lc has invested 0.01% in AGCO Corporation (NYSE:AGCO).

Since February 13, 2017, it had 0 buys, and 4 selling transactions for $878,304 activity. Smith Lucinda B also sold $320,000 worth of AGCO Corporation (NYSE:AGCO) shares. Crain Robert B sold $92,030 worth of stock.

The stock of Agco Corporation (NYSE:AGCO) registered a decrease of 16.1% in short interest. AGCO’s total short interest was 3.66 million shares in June as published by FINRA. Its down 16.1% from 4.37 million shares, reported previously. With 685,100 shares average volume, it will take short sellers 5 days to cover their AGCO’s short positions. The short interest to Agco Corporation’s float is 5.52%.

About 50,095 shares traded. AGCO Corporation (NYSE:AGCO) has risen 25.79% since June 20, 2016 and is uptrending. It has outperformed by 9.09% the S&P500.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The company has market cap of $5.37 billion. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. It has a 38.41 P/E ratio. The Company’s divisions are North America, South America, Europe/Middle East, and Asia/Pacific/Africa.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Among 17 analysts covering Agco Corporation (NYSE:AGCO), 3 have Buy rating, 1 Sell and 13 Hold. Therefore 18% are positive. Agco Corporation has $72 highest and $39 lowest target. $53.79’s average target is -19.88% below currents $67.14 stock price. Agco Corporation had 35 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, February 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Equal Weight” rating given on Wednesday, December 16 by Barclays Capital. The firm has “Hold” rating given on Friday, May 26 by BMO Capital Markets. The stock of AGCO Corporation (NYSE:AGCO) has “Equal-Weight” rating given on Friday, September 25 by Barclays Capital. The rating was downgraded by Bank of America to “Underperform” on Friday, October 2. Citigroup maintained AGCO Corporation (NYSE:AGCO) on Friday, July 15 with “Neutral” rating. As per Tuesday, April 11, the company rating was initiated by Stifel Nicolaus. As per Monday, December 19, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating given on Monday, November 28 by PiperJaffray. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by Deutsche Bank on Thursday, December 17.

More important recent AGCO Corporation (NYSE:AGCO) news were published by: Seekingalpha.com which released: “CNH Industrial, AGCO upgraded at BofA Merrill” on June 19, 2017, also Streetinsider.com published article titled: “AGCO Corp. (AGCO) Secures 3-Yr Cooperative Contract with US Communities …”, Zacks.com published: “Here’s Why AGCO Corporation (AGCO) Stock is a Must Buy Now” on May 30, 2017. More interesting news about AGCO Corporation (NYSE:AGCO) was released by: Streetinsider.com and their article: “AGCO Corporation (AGCO) PT Raised to $70 at BMO Capital; ‘Internal …” with publication date: May 26, 2017.

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