What’s Ahead for Agco Corporation (NYSE:AGCO) After Less Shorted Shares?

June 17, 2018 - By Vivian Currie

AGCO Corporation (NYSE:AGCO) Logo

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.10, from 1.05 in 2017Q4. It worsened, as 37 investors sold AGCO Corporation shares while 113 reduced holdings. 43 funds opened positions while 100 raised stakes. 64.31 million shares or 1.73% more from 63.22 million shares in 2017Q4 were reported.
The New York-based Oppenheimer Asset has invested 0.1% in AGCO Corporation (NYSE:AGCO). Alliancebernstein Limited Partnership reported 83,542 shares or 0% of all its holdings. 1,850 are held by Architects. Swiss Commercial Bank has 203,456 shares for 0.02% of their portfolio. Profund Advsrs Lc owns 0.02% invested in AGCO Corporation (NYSE:AGCO) for 7,255 shares. Stifel Financial has invested 0.01% in AGCO Corporation (NYSE:AGCO). Nuveen Asset Ltd stated it has 0.03% in AGCO Corporation (NYSE:AGCO). Us Commercial Bank De holds 0% in AGCO Corporation (NYSE:AGCO) or 2,467 shares. Deutsche Commercial Bank Ag has invested 0.01% in AGCO Corporation (NYSE:AGCO). Bluemountain Cap Ltd Liability invested 0.08% in AGCO Corporation (NYSE:AGCO). Earnest Prtnrs Lc reported 32 shares. Ls Invest Advsr Limited Liability Corp has invested 0.02% in AGCO Corporation (NYSE:AGCO). Creative Planning reported 7,269 shares. Centurylink Inv Mgmt accumulated 0.33% or 14,251 shares. Geode Cap Management Ltd Liability Corp owns 0.02% invested in AGCO Corporation (NYSE:AGCO) for 887,379 shares.

Since February 14, 2018, it had 0 insider buys, and 4 selling transactions for $491,345 activity. $102,750 worth of AGCO Corporation (NYSE:AGCO) was sold by Smith Lucinda B on Monday, May 21. 275 AGCO Corporation (NYSE:AGCO) shares with value of $18,213 were sold by LONG LARA THRUSH. On Wednesday, February 14 SMITH RICHARD ROBINSON sold $173,830 worth of AGCO Corporation (NYSE:AGCO) or 2,567 shares.

The stock of Agco Corporation (NYSE:AGCO) registered a decrease of 9.66% in short interest. AGCO’s total short interest was 3.17M shares in June as published by FINRA. Its down 9.66% from 3.51M shares, reported previously. With 700,300 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 4.78%.

The stock increased 1.05% or $0.65 during the last trading session, reaching $62.34. About 1.32M shares traded or 76.94% up from the average. AGCO Corporation (NYSE:AGCO) has risen 5.84% since June 17, 2017 and is uptrending. It has underperformed by 6.73% the S&P500.

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company has market cap of $4.96 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 22.74 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 10 analysts covering Agco (NYSE:AGCO), 0 have Buy rating, 2 Sell and 8 Hold. Therefore 0 are positive. Agco had 14 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Citigroup on Friday, May 4 with “Neutral”. The firm earned “Neutral” rating on Wednesday, February 7 by JP Morgan. On Thursday, January 11 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Seaport Global on Thursday, January 18 with “Hold”. BMO Capital Markets maintained AGCO Corporation (NYSE:AGCO) rating on Thursday, February 8. BMO Capital Markets has “Market Perform” rating and $75 target. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 17 report. The stock has “Neutral” rating by Credit Suisse on Wednesday, May 2. The firm earned “Underweight” rating on Friday, May 4 by Morgan Stanley. RBC Capital Markets maintained it with “Hold” rating and $80.0 target in Wednesday, February 7 report. The firm has “Neutral” rating given on Wednesday, February 7 by Credit Suisse.

More news for AGCO Corporation (NYSE:AGCO) were recently published by: Streetinsider.com, which released: “Deere sues Precision Planting, AGCO claiming patent infringement” on June 01, 2018. Businesswire.com‘s article titled: “AGCO to Present at the Deutsche Bank 2018 Global Industrials and Materials Summit” and published on June 01, 2018 is yet another important article.

AGCO Corporation (NYSE:AGCO) Institutional Positions Chart

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