Adecoagro S.A. (NYSE:AGRO) Stake Cut by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 27.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,336 shares of the company’s stock after selling 30,680 shares during the quarter. GSA Capital Partners LLP’s holdings in Adecoagro were worth $878,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in Adecoagro during the second quarter valued at approximately $42,000. Blue Trust Inc. boosted its stake in shares of Adecoagro by 1,281.5% during the 3rd quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock valued at $81,000 after buying an additional 6,792 shares during the period. Quarry LP grew its holdings in shares of Adecoagro by 259.4% during the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after acquiring an additional 5,484 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Adecoagro in the third quarter worth $94,000. Finally, BigSur Wealth Management LLC purchased a new stake in shares of Adecoagro during the second quarter worth $175,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGRO. UBS Group began coverage on Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 target price on the stock. Bank of America lowered their price target on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research note on Monday, September 9th. Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.63.

Adecoagro Stock Performance

AGRO opened at $11.37 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 2.42. The company has a market cap of $1.18 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The stock has a 50-day moving average of $11.36 and a 200-day moving average of $10.52. Adecoagro S.A. has a 52-week low of $8.72 and a 52-week high of $12.51.

Adecoagro Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.174 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a yield of 2.9%. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio is presently 23.33%.

Adecoagro 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.