abrdn plc Reduces Stock Position in Adecoagro S.A. (NYSE:AGRO)

abrdn plc trimmed its position in Adecoagro S.A. (NYSE:AGRO) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 869,367 shares of the company’s stock after selling 136,572 shares during the quarter. abrdn plc owned approximately 0.82% of Adecoagro worth $9,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sapient Capital LLC purchased a new stake in shares of Adecoagro during the fourth quarter valued at $2,294,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Adecoagro by 60.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after buying an additional 167,608 shares during the last quarter. Quent Capital LLC lifted its position in shares of Adecoagro by 25.0% in the 4th quarter. Quent Capital LLC now owns 74,980 shares of the company’s stock worth $832,000 after acquiring an additional 15,000 shares during the period. SG Americas Securities LLC bought a new position in shares of Adecoagro during the 4th quarter worth approximately $284,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Adecoagro by 26.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 123,990 shares of the company’s stock worth $1,449,000 after buying an additional 26,000 shares during the period. 45.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Adecoagro from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adecoagro currently has an average rating of “Hold” and an average price target of $12.17.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $11.05 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $10.70. Adecoagro S.A. has a 1-year low of $8.11 and a 1-year high of $12.51. The company has a market cap of $1.17 billion, a P/E ratio of 5.23 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last issued its earnings results on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $263.95 million during the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. As a group, analysts anticipate that Adecoagro S.A. will post 1.69 EPS for the current year.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.