A Reversal for AGCO Corporation Is Not Near. Professional Options Traders Are Bullish

 A Reversal for AGCO Corporation Is Not Near. Professional Options Traders Are Bullish

In today’s session AGCO Corporation (AGCO) registered an unusually high (1,287) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AGCO increase. With 1,287 contracts traded and 18804 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AGCO170120C00055000 closed last at: $1.6 or 5.9% down. About 180,977 shares traded hands. AGCO Corporation (NYSE:AGCO) has risen 1.09% since March 10, 2016 and is uptrending. It has underperformed by 6.43% the S&P500.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on October, 26. They expect $0.35 earnings per share, down 54.55% or $0.42 from last year’s $0.77 per share. AGCO’s profit will be $28.53M for 36.37 P/E if the $0.35 EPS becomes a reality. After $1.02 actual earnings per share reported by AGCO Corporation for the previous quarter, Wall Street now forecasts -65.69% negative EPS growth.

AGCO Corporation (NYSE:AGCO) Ratings Coverage

Out of 12 analysts covering Agco Corporation (NYSE:AGCO), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. Agco Corporation has been the topic of 24 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was initiated by Barclays Capital on Friday, September 25 with “Equal-Weight”. The company was downgraded on Friday, October 2 by Bank of America. The firm earned “Sector Perform” rating on Wednesday, February 3 by RBC Capital Markets. On Wednesday, December 16 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. On Monday, June 27 the stock rating was downgraded by JP Morgan to “Underweight”. The stock of AGCO Corporation (NYSE:AGCO) has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets. Deutsche Bank upgraded the stock to “Hold” rating in Thursday, December 17 report. As per Friday, September 25, the company rating was maintained by Bank of America. The stock has “Neutral” rating given by Piper Jaffray on Monday, August 24.

According to Zacks Investment Research, “AGCO CORP. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the United States and Canada. Products include tractors, combines, hay tools and forage equipment and implements.”

Insitutional Activity: The institutional sentiment decreased to 0.61 in Q2 2016. Its down 0.13, from 0.74 in 2016Q1. The ratio dived, as 49 funds sold all AGCO Corporation shares owned while 133 reduced positions. 20 funds bought stakes while 91 increased positions. They now own 70.87 million shares or 7.82% less from 76.88 million shares in 2016Q1.
Tradewinds Cap Limited Liability Company accumulated 220 shares or 0.01% of the stock. Mizuho Asset Coltd last reported 874 shares in the company. Parallax Volatility Advisers Limited Partnership last reported 5,010 shares in the company. Millennium Management Limited Co reported 236,517 shares or 0.03% of all its holdings. Dalton Greiner Hartman Maher & Commerce last reported 5,850 shares in the company. Dai Ichi Life reported 31,346 shares or 0.04% of all its holdings. Van Eck Assoc holds 0.04% of its portfolio in AGCO Corporation (NYSE:AGCO) for 153,815 shares. Robeco Institutional Asset Mngmt Bv has invested 0.05% of its portfolio in AGCO Corporation (NYSE:AGCO). Parametric Portfolio Assocs Ltd Llc owns 300,588 shares or 0.02% of their US portfolio. Cwm Llc accumulated 31 shares or 0% of the stock. California State Teachers Retirement Systems last reported 151,489 shares in the company. Marshall Wace Llp reported 182,236 shares or 0.07% of all its holdings. Qs Investors Limited Com accumulated 34,606 shares or 0.01% of the stock. Moreover, Financial Architects has 0.01% invested in AGCO Corporation (NYSE:AGCO) for 440 shares. Hilltop has invested 0.32% of its portfolio in AGCO Corporation (NYSE:AGCO).

Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 4 selling transactions for $915,002 net activity. $558,374 worth of shares were sold by RICHENHAGEN MARTIN on Monday, May 2. COLLAR GARY L also sold $263,620 worth of AGCO Corporation (NYSE:AGCO) shares. Crain Robert B sold $79,515 worth of stock or 1,500 shares. The insider Veltmaat Hans Bernd sold $13,493.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The company has a market cap of $4.15 billion. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. It has a 23.03 P/E ratio. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific.

AGCO Company Profile

AGCO Corporation, incorporated on April 22, 1991, is a maker and distributor of agricultural equipment and related replacement parts around the world. The Firm sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. The Company’s divisions include North America, South America, Europe/Africa/Middle East, and Asia/Pacific. The Company’s Chinese harvesting business operates within the Asia/Pacific segment. The former sprayer reporting unit operates within the North American segment. The Company’s products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.

Another recent and important AGCO Corporation (NYSE:AGCO) news was published by Streetinsider.com which published an article titled: “Deutsche Bank Starts AGCO Corporation (AGCO) at Hold” on September 06, 2016.

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