Inspire Investing LLC Purchases 11,066 Shares of Adecoagro S.A. (NYSE:AGRO)

Inspire Investing LLC increased its holdings in Adecoagro S.A. (NYSE:AGRO) by 15.8% during the 1st quarter, Holdings Channel reports. The firm owned 80,977 shares of the company’s stock after buying an additional 11,066 shares during the period. Inspire Investing LLC’s holdings in Adecoagro were worth $892,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Helikon Investments Ltd boosted its holdings in shares of Adecoagro by 95.5% during the 1st quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock valued at $27,847,000 after buying an additional 1,234,654 shares in the last quarter. Jennison Associates LLC boosted its holdings in Adecoagro by 10.5% in the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock worth $65,379,000 after acquiring an additional 561,352 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Adecoagro in the fourth quarter worth $2,294,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Adecoagro by 60.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after acquiring an additional 167,608 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Adecoagro by 83.1% in the 1st quarter. GSA Capital Partners LLP now owns 205,013 shares of the company’s stock worth $2,259,000 after purchasing an additional 93,035 shares during the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Price Performance

NYSE AGRO opened at $9.77 on Wednesday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 4.14, a PEG ratio of 1.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.87 and a quick ratio of 1.16. Adecoagro S.A. has a 1-year low of $8.96 and a 1-year high of $12.51. The business’s fifty day moving average price is $9.80 and its 200-day moving average price is $10.27.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. The business had revenue of $261.78 million during the quarter. On average, equities analysts predict that Adecoagro S.A. will post 1.63 earnings per share for the current year.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.1682 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 13th. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AGRO. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $10.50 to $11.50 in a research report on Monday, July 1st. StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.50.

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.