Adecoagro (NYSE:AGRO) Director Ivo Sarjanovic Sells 1,163 Shares

Adecoagro S.A. (NYSE:AGRO) Director Ivo Sarjanovic sold 1,163 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $13.03, for a total value of $15,153.89. Following the completion of the transaction, the director directly owned 21,561 shares of the company’s stock, valued at approximately $280,939.83. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Adecoagro Stock Up 0.9%

Shares of NYSE AGRO traded up $0.12 during mid-day trading on Wednesday, reaching $13.62. 1,544,178 shares of the company’s stock were exchanged, compared to its average volume of 1,279,911. Adecoagro S.A. has a twelve month low of $6.89 and a twelve month high of $15.89. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -170.25, a PEG ratio of 0.26 and a beta of 0.08. The business has a fifty day simple moving average of $11.84 and a 200 day simple moving average of $9.40.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The business had revenue of $432.91 million during the quarter. As a group, equities analysts expect that Adecoagro S.A. will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in Adecoagro by 48.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after buying an additional 28,275 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Adecoagro by 20.5% in the 1st quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock valued at $2,112,000 after acquiring an additional 32,169 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Adecoagro by 86.5% in the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after acquiring an additional 212,685 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Adecoagro by 32.3% in the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after acquiring an additional 90,518 shares during the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of Adecoagro by 115.7% in the second quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock valued at $1,754,000 after acquiring an additional 102,955 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AGRO. Bank of America upgraded shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a report on Friday, January 9th. Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Truist Financial set a $9.00 price objective on shares of Adecoagro in a research report on Friday, January 9th. UBS Group raised shares of Adecoagro from a “neutral” rating to a “buy” rating and upped their target price for the stock from $8.00 to $16.20 in a research note on Monday, March 30th. Finally, Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.53.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.