Fairpointe Capital Has Decreased Agco (AGCO) Holding By $2.78 Million; Nuveen Select Tax Free Income Portfolio 3 (NXR) Sentiment Is 0.9

April 17, 2018 - By Winifred Garcia

AGCO Corporation (NYSE:AGCO) Logo

Nuveen Select Tax Free Income Portfolio 3 (NXR) investors sentiment increased to 0.9 in 2017 Q4. It’s up 0.37, from 0.53 in 2017Q3. The ratio is more positive, as 9 institutional investors started new or increased equity positions, while 10 cut down and sold their positions in Nuveen Select Tax Free Income Portfolio 3. The institutional investors in our database reported: 990,735 shares, down from 1.09 million shares in 2017Q3. Also, the number of institutional investors holding Nuveen Select Tax Free Income Portfolio 3 in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 8 New Position: 1.

Fairpointe Capital Llc decreased Agco Corporation (AGCO) stake by 2.72% reported in 2017Q4 SEC filing. Fairpointe Capital Llc sold 39,139 shares as Agco Corporation (AGCO)’s stock declined 12.48%. The Fairpointe Capital Llc holds 1.40M shares with $99.92 million value, down from 1.44 million last quarter. Agco Corporation now has $5.27B valuation. The stock increased 1.13% or $0.74 during the last trading session, reaching $66.25. About 288,870 shares traded. AGCO Corporation (NYSE:AGCO) has risen 9.33% since April 17, 2017 and is uptrending. It has underperformed by 2.22% the S&P500.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.24, from 0.81 in 2017Q3. It improved, as 36 investors sold AGCO shares while 110 reduced holdings. 60 funds opened positions while 93 raised stakes. 63.22 million shares or 1.93% less from 64.46 million shares in 2017Q3 were reported. Sg Americas Securities Ltd Liability Com holds 39,169 shares. Auxier Asset Mgmt has 5,305 shares. Sei Invests Com holds 0.03% or 106,666 shares in its portfolio. Strs Ohio, Ohio-based fund reported 871 shares. Savings Bank has 0% invested in AGCO Corporation (NYSE:AGCO) for 46 shares. Nomura Asset Company Ltd reported 0.01% stake. Fort Washington Inv Advisors Inc Oh has 41,030 shares for 0.03% of their portfolio. Stratos Wealth Ltd invested in 0% or 60 shares. Jefferies Grp Inc Llc has invested 0% in AGCO Corporation (NYSE:AGCO). Old Mutual Customised Solutions (Proprietary) Limited holds 4,800 shares or 0.04% of its portfolio. Loomis Sayles & Comm LP accumulated 391 shares. Amg Funds Lc invested in 0.74% or 19,271 shares. Commerzbank Aktiengesellschaft Fi has invested 0.01% in AGCO Corporation (NYSE:AGCO). Regions owns 1,418 shares for 0% of their portfolio. Prelude Management Ltd Limited Liability Company holds 0.01% of its portfolio in AGCO Corporation (NYSE:AGCO) for 1,732 shares.

Fairpointe Capital Llc increased Patterson Companies Inc (NASDAQ:PDCO) stake by 213,341 shares to 3.97 million valued at $143.59 million in 2017Q4. It also upped Cars.Com stake by 569,711 shares and now owns 3.98M shares. Mcdermott Intl (NYSE:MDR) was raised too.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on May, 1 before the open. They expect $0.13 earnings per share, up 750.00% or $0.15 from last year’s $-0.02 per share. AGCO’s profit will be $10.34 million for 127.40 P/E if the $0.13 EPS becomes a reality. After $1.10 actual earnings per share reported by AGCO Corporation for the previous quarter, Wall Street now forecasts -88.18% negative EPS growth.

Since February 14, 2018, it had 0 buys, and 1 sale for $173,830 activity. The insider SMITH RICHARD ROBINSON sold $173,830.

Among 21 analysts covering Agco Corporation (NYSE:AGCO), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Agco Corporation had 73 analyst reports since July 27, 2015 according to SRatingsIntel. Berenberg initiated the stock with “Buy” rating in Tuesday, January 24 report. The firm has “Neutral” rating given on Wednesday, June 21 by UBS. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by RBC Capital Markets on Thursday, January 11. Barclays Capital initiated AGCO Corporation (NYSE:AGCO) on Tuesday, December 12 with “Hold” rating. The company was downgraded on Friday, October 2 by Bank of America. The rating was upgraded by Wells Fargo on Monday, October 10 to “Outperform”. Jefferies maintained the shares of AGCO in report on Thursday, October 5 with “Hold” rating. The company was upgraded on Wednesday, February 7 by JP Morgan. The firm earned “Hold” rating on Wednesday, November 1 by Piper Jaffray. The firm earned “Buy” rating on Friday, December 1 by Goldman Sachs.

Tortoise Investment Management Llc holds 0.77% of its portfolio in Nuveen Select Tax-Free Income Portfolio 3 for 175,816 shares. Thomas J. Herzfeld Advisors Inc. owns 18,269 shares or 0.1% of their US portfolio. Moreover, Capital Investment Advisors Llc has 0.03% invested in the company for 27,224 shares. The Colorado-based Rocky Mountain Advisers Llc has invested 0.03% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 11,810 shares.

AGCO Corporation (NYSE:AGCO) Institutional Positions Chart

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