Could Agco Corporation (NYSE:AGCO) See a Reversal After More Sellers Came In?

March 17, 2018 - By Richard Conner

 Could Agco Corporation (NYSE:AGCO) See a Reversal After More Sellers Came In?

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.04, from 0.85 in 2017Q2. It worsened, as 25 investors sold AGCO Corporation shares while 124 reduced holdings. 40 funds opened positions while 81 raised stakes. 64.46 million shares or 1.81% more from 63.32 million shares in 2017Q2 were reported.
Quantbot Techs Ltd Partnership holds 0.19% of its portfolio in AGCO Corporation (NYSE:AGCO) for 26,613 shares. Pictet Asset Management Limited stated it has 483,727 shares or 0.1% of all its holdings. Acadian Asset Mngmt Lc reported 302,640 shares or 0.1% of all its holdings. Fmr Lc holds 0.02% or 1.82M shares. 76,157 are held by Alliancebernstein Lp. Agf reported 1.21% stake. Intrust Retail Bank Na has 0.15% invested in AGCO Corporation (NYSE:AGCO) for 6,231 shares. Ahl Ltd Liability Partnership owns 8,112 shares. Commerzbank Aktiengesellschaft Fi accumulated 0.01% or 7,476 shares. Marco Invest Lc has invested 0.25% in AGCO Corporation (NYSE:AGCO). Asset Mgmt holds 0.01% or 5,053 shares in its portfolio. Cubist Systematic Strategies Lc reported 9,646 shares. The Texas-based Bancorporation has invested 0% in AGCO Corporation (NYSE:AGCO). Legal And General Gru Public Limited Com holds 0.01% or 162,429 shares. Blackrock reported 0.02% in AGCO Corporation (NYSE:AGCO).

Since February 14, 2018, it had 0 insider buys, and 1 sale for $173,830 activity.

The stock of Agco Corporation (NYSE:AGCO) registered an increase of 4.04% in short interest. AGCO’s total short interest was 3.62 million shares in March as published by FINRA. Its up 4.04% from 3.48M shares, reported previously. With 570,400 shares average volume, it will take short sellers 6 days to cover their AGCO’s short positions. The short interest to Agco Corporation’s float is 5.46%.

The stock increased 0.01% or $0.01 during the last trading session, reaching $67.46. About 604,920 shares traded. AGCO Corporation (NYSE:AGCO) has risen 25.79% since March 17, 2017 and is uptrending. It has outperformed by 9.09% the S&P500.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has market cap of $5.37 billion. The firm offers tractors, including high horsepower tractors that are used on larger farms, primarily for row crop production; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, and residential uses. It has a 29.08 P/E ratio. It also provides combines that are used in harvesting grain crops; and application equipment, including self-propelled, three- and four-wheeled vehicles and related equipment for use in the application of liquid and dry fertilizers and crop protection chemicals, as well as for after crops emerge from the ground.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Among 21 analysts covering Agco Corporation (NYSE:AGCO), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Agco Corporation has $90.0 highest and $39 lowest target. $68.88’s average target is 2.10% above currents $67.46 stock price. Agco Corporation had 73 analyst reports since July 27, 2015 according to SRatingsIntel. Barclays Capital initiated the shares of AGCO in report on Friday, September 25 with “Equal-Weight” rating. Bank of America maintained it with “Underperform” rating and $64 target in Wednesday, February 7 report. RBC Capital Markets maintained AGCO Corporation (NYSE:AGCO) on Wednesday, August 30 with “Hold” rating. The stock has “Neutral” rating by Bank of America on Monday, June 19. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by BMO Capital Markets on Friday, May 26. On Tuesday, May 30 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, October 31. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, April 28. Citigroup maintained the stock with “Neutral” rating in Friday, July 15 report. The rating was upgraded by Vertical Research to “Hold” on Thursday, July 30.

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