Time to Reconsider Agco Corporation (NYSE:AGCO) After More Short Sellers?

April 17, 2018 - By Nellie Frank

AGCO Corporation (NYSE:AGCO) Logo

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.24, from 0.81 in 2017Q3. It is positive, as 36 investors sold AGCO Corporation shares while 110 reduced holdings. 60 funds opened positions while 93 raised stakes. 63.22 million shares or 1.93% less from 64.46 million shares in 2017Q3 were reported.
Asset Management One holds 0.02% of its portfolio in AGCO Corporation (NYSE:AGCO) for 120,479 shares. Whittier Tru Of Nevada accumulated 189 shares. Spark Inv Management Lc has invested 0.32% in AGCO Corporation (NYSE:AGCO). Glg Lc has 4,366 shares for 0.02% of their portfolio. Invesco Limited invested in 346,449 shares or 0.01% of the stock. Gulf Int Bancorp (Uk) Ltd has 0.02% invested in AGCO Corporation (NYSE:AGCO). Art Advisors Limited Liability Co accumulated 41,092 shares. Captrust Advsr has 0% invested in AGCO Corporation (NYSE:AGCO) for 82 shares. Secor Cap L P holds 32,281 shares. Caxton Assoc Lp reported 10,666 shares. Federated Invsts Pa holds 0.03% or 146,049 shares in its portfolio. Kessler Ltd Llc owns 42 shares. Assetmark has invested 0% in AGCO Corporation (NYSE:AGCO). Employees Retirement Sys Of Texas has invested 0.06% in AGCO Corporation (NYSE:AGCO). Advisory Ser Net Ltd accumulated 86 shares.

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

The stock of Agco Corporation (NYSE:AGCO) registered an increase of 12.48% in short interest. AGCO’s total short interest was 3.30M shares in April as published by FINRA. Its up 12.48% from 2.94M shares, reported previously. With 616,200 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 4.98%.

The stock increased 1.63% or $1.07 during the last trading session, reaching $66.58. About 114,711 shares traded. AGCO Corporation (NYSE:AGCO) has risen 9.33% since April 17, 2017 and is uptrending. It has underperformed by 2.22% the S&P500.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has market cap of $5.30 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 28.7 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 13 analysts covering AGCO (NYSE:AGCO), 1 have Buy rating, 2 Sell and 10 Hold. Therefore 8% are positive. AGCO had 16 analyst reports since October 20, 2017 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, February 8 report. The firm earned “Hold” rating on Wednesday, November 1 by Piper Jaffray. The firm has “Underperform” rating by Bank of America given on Wednesday, February 7. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, December 21 report. The firm earned “Hold” rating on Thursday, January 11 by RBC Capital Markets. Barclays Capital initiated the stock with “Hold” rating in Tuesday, December 12 report. The firm has “Neutral” rating given on Wednesday, February 7 by JP Morgan. The firm earned “Buy” rating on Friday, December 1 by Goldman Sachs. UBS maintained the shares of AGCO in report on Friday, October 20 with “Neutral” rating. On Wednesday, February 7 the stock rating was maintained by RBC Capital Markets with “Hold”.

AGCO Corporation (NYSE:AGCO) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.