Quantinno Capital Management Adds $7M in AGCO Corporation ($AGCO)
Key Points
- Quantinno Capital Management changed its AGCO Corporation ($AGCO) stake by 15.1% last quarter, boosting to 492,234 shares worth $54.65 million.
- Wall Street's consensus rating on $AGCO is Hold and an average price target of $128.00.
- $AGCO last traded around $111.03.
Quantinno Capital Management increased its position in AGCO Corporation ($AGCO) by 15.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 492,234 shares of AGCO Corporation after buying 64,453 shares during the quarter. Quantinno Capital Management's holdings in AGCO Corporation were worth $54.65 million as of its most recent filing.
AGCO Corporation ($AGCO) Stock
AGCO Corporation Earnings
AGCO Corporation Dividend
Analysts Set New Price Targets
About AGCO Corporation
AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; 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, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery systems; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, including self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Fendt, Massey Ferguson, PTx, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.
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