Parvin Asset Management LLC Acquires New Stake in Adecoagro S.A. (NYSE:AGRO)

Parvin Asset Management LLC acquired a new stake in Adecoagro S.A. (NYSE:AGRO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,575 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Adecoagro during the 4th quarter valued at $70,000. OLD Mission Capital LLC purchased a new position in Adecoagro during the 4th quarter valued at about $108,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adecoagro during the fourth quarter valued at about $126,000. Blue Trust Inc. increased its position in shares of Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after buying an additional 6,387 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Adecoagro during the fourth quarter valued at about $163,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Down 2.4 %

Shares of NYSE AGRO opened at $9.21 on Wednesday. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.08. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $920.44 million, a price-to-earnings ratio of 6.14, a PEG ratio of 1.43 and a beta of 0.65. The business has a 50-day moving average of $10.90 and a 200-day moving average of $10.59.

Adecoagro Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.175 per share. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, May 2nd. This represents a dividend yield of 3%. Adecoagro’s payout ratio is presently 39.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley cut Adecoagro from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $13.00 to $10.00 in a research report on Monday. Bank of America cut Adecoagro from a “buy” rating to an “underperform” rating and decreased their price target for the company from $12.00 to $10.80 in a research report on Friday, April 25th. Finally, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.55.

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.