Claret Asset Management Corp Sells 9,355 Shares of Adecoagro S.A. (NYSE:AGRO)

Claret Asset Management Corp reduced its stake in Adecoagro S.A. (NYSE:AGRO) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,587 shares of the company’s stock after selling 9,355 shares during the quarter. Claret Asset Management Corp owned about 0.28% of Adecoagro worth $2,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Banco Santander S.A. bought a new position in Adecoagro during the fourth quarter valued at approximately $73,714,000. Helikon Investments Ltd lifted its holdings in Adecoagro by 0.5% in the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company’s stock worth $65,792,000 after purchasing an additional 35,000 shares in the last quarter. Causeway Capital Management LLC grew its stake in Adecoagro by 88.8% during the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company’s stock valued at $5,350,000 after acquiring an additional 266,816 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Adecoagro by 1.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Ping Capital Management Inc. raised its stake in Adecoagro by 1.9% during the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock valued at $990,000 after purchasing an additional 2,000 shares in the last quarter. 45.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Price Performance

AGRO stock opened at $11.37 on Friday. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.08. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. The business has a 50 day simple moving average of $10.83 and a 200-day simple moving average of $10.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.175 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s payout ratio is currently 39.33%.

About Adecoagro

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.