AGCO Corporation’s filing revealed that its Director Minnich George E unloaded Company’s shares for reported $0.19 million on Nov 16. In the deal valued at $123.70 per share,1,500 shares were sold. As a result of this transaction, Minnich George E now holds 12,543 shares worth roughly $ 1.73 million.
Then, Crain Robert B sold 7,000 shares, generating $750,540 in total proceeds. Upon selling the shares at $107.22, the SVP, Customer Experience now owns 48,026 shares.
Before that, LONG LARA THRUSH sold 939 shares. AGCO Corporation shares valued at $99,064 were divested by the VP, Chief Accounting Officer at a price of $105.50 per share. As a result of the transaction, LONG LARA THRUSH now holds 1,491 shares, worth roughly $0.21 million.
Credit Suisse reiterated its AGCO Corporation [AGCO] rating to an Outperform in a research note published on Tuesday, December 22, 2022; the price target was $174. PT values the company’s stock at a premium of 20.84 to its Tuesday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Morgan Stanley also remained covering AGCO and has decreased its forecast on June 23, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Wells Fargo started covering the stock on March 11, 2022. It rated AGCO as “an Overweight”.
Price Performance Review of AGCO
On Tuesday, AGCO Corporation [NYSE:AGCO] saw its stock jump 1.29% to $137.73. On the same session, the stock had its day’s lowest price of $133.38, but rose to a high of $137.79. Over the last five days, the stock has lost -2.33%. AGCO Corporation shares have fallen nearly -0.69% since the year began. Nevertheless, the stocks have risen 21.65% over the past one year. While a 52-week high of $144.82 was reached on 01/18/23, a 52-week low of $88.55 was recorded on 01/24/23. SMA at 50 days reached $133.08, while 200 days put it at $118.30. A total of 0.65 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For AGCO Stock
The 24-hour chart illustrates a support level at 134.81, which if violated will result in even more drops to 131.89. On the upside, there is a resistance level at 139.22. A further resistance level may holdings at 140.71. The Relative Strength Index (RSI) on the 14-day chart is 54.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.46%. Stochastics %K at 32.71% indicates the stock is a holding.
How much short interest is there in AGCO Corporation?
A steep rise in short interest was recorded in AGCO Corporation stocks on Dec 29, 2022, growing by 0.19 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on Nov 29, 2022 was 0.84 million shares. There was a rise of 18.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.61.
AGCO Corporation [AGCO] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,253,037 shares, or roughly 8.38% of the outstanding AGCO shares. In other words, the investor’s shares have fallen by -32,646 from its previous 13-F filing of 6285683.0. Additionally, BlackRock Fund Advisors increased 0.22% of its stake after which the total value it holdings stand at $665,147,948, while LSV Asset Management added 7.87% of its stake to hold $458.98 million in the firm. Over the last quarter, Victory Capital Management, Inc. purchased 511,489 shares of AGCO Corporation, while Nordea Investment Management AB bought -49,092 shares. At present, Dimensional Fund Advisors LP is holding 1,957,088 shares valued at $271.43 million. SSgA Funds Management, Inc. owned 1,711,193 shares of the company at the time of its most recent 13F filing, worth $237.33 million.
According to FactSet, AGCO Corporation’s share price will average $151.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.31 percent from its previous closing price of $135.98. Analysts expect AGCO Corporation stock to reach the higher price of $185.00, while the lowest price estimate is $104.00. However, 19 analysts have rated AGCO stock as an Overweight in their predictions for 2023.