In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Agco Corp (NYSE:AGCO) reported that Blue Harbour Group has picked up 1,262,231 of common stock as of 2017-02-23.
The acquisition brings the aggregate amount owned by Blue Harbour Group to a total of 1,262,231 representing a 4.80% stake in the company.
For those not familiar with the company, AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company 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. Its segments 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 include tractors, combines, application equipment, hay tools and forage equipment, implements and other equipment, grain storage and protein production systems, and replacement parts. Its AGCO Power engines division produces diesel engines, gears and generating sets. Its products are marketed under brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra.
A glance at Agco Corp (NYSE:AGCO)’s key stats reveals a current market capitalization of 4.89 billion based on 80.26 million shares outstanding and a price at last close of $61.26 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-09-25, Srinivasan picked up 82,890 at a purchase price of $83.98. This brings their total holding to 8,886,831 as of the date of the filing.
On the sell side, the most recent transaction saw Collar unload 2,309 shares at a sale price of $53.00. This brings their total holding to 47,663.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Agco Corp (NYSE:AGCO) as things move forward to see if its progress aligns with these transactions.
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