Boston Partners reduced its position in shares of Adecoagro S.A. (NYSE:AGRO – Free Report) by 31.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,233 shares of the company’s stock after selling 135,377 shares during the period. Boston Partners owned about 0.26% of Adecoagro worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of Adecoagro by 25.3% during the first quarter. HighTower Advisors LLC now owns 13,596 shares of the company’s stock worth $111,000 after purchasing an additional 2,741 shares during the last quarter. Sei Investments Co. grew its position in shares of Adecoagro by 3.5% in the 4th quarter. Sei Investments Co. now owns 91,880 shares of the company’s stock valued at $762,000 after buying an additional 3,116 shares during the last quarter. FMR LLC grew its position in shares of Adecoagro by 0.6% in the 1st quarter. FMR LLC now owns 583,827 shares of the company’s stock valued at $4,723,000 after buying an additional 3,325 shares during the last quarter. UBS Group AG grew its position in shares of Adecoagro by 13.3% in the 3rd quarter. UBS Group AG now owns 44,380 shares of the company’s stock valued at $368,000 after buying an additional 5,213 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Adecoagro by 14.8% in the 1st quarter. Van ECK Associates Corp now owns 53,094 shares of the company’s stock valued at $430,000 after buying an additional 6,864 shares during the last quarter. 43.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AGRO. Itau BBA Securities lowered Adecoagro from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Monday, October 2nd. JPMorgan Chase & Co. upped their price target on Adecoagro from $10.00 to $11.50 and gave the company a “neutral” rating in a research report on Friday. StockNews.com raised shares of Adecoagro from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 5th. Finally, Morgan Stanley raised shares of Adecoagro from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.56.
Adecoagro Stock Up 9.6 %
Shares of NYSE AGRO opened at $11.47 on Tuesday. The firm has a market cap of $1.27 billion, a PE ratio of 8.37 and a beta of 1.07. Adecoagro S.A. has a 12-month low of $6.95 and a 12-month high of $11.98. The company’s fifty day simple moving average is $11.00 and its 200 day simple moving average is $10.32. The company has a quick ratio of 0.76, a current ratio of 1.89 and a debt-to-equity ratio of 0.58.
Adecoagro Increases Dividend
The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be given a $0.165 dividend. The ex-dividend date is Wednesday, November 8th. This represents a yield of 3.1%. This is an increase from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio (DPR) is presently 24.09%.
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.
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