Quadrature Capital Ltd Decreases Position in Adecoagro S.A. (NYSE:AGRO)

Quadrature Capital Ltd trimmed its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 25.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 51,429 shares of the company’s stock after selling 17,213 shares during the period. Quadrature Capital Ltd’s holdings in Adecoagro were worth $569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Adecoagro in the 2nd quarter worth approximately $42,000. Quarry LP increased its position in shares of Adecoagro by 259.4% in 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 during the period. Blue Trust Inc. raised its stake in Adecoagro by 1,281.5% in the 3rd quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after acquiring an additional 6,792 shares during the last quarter. nVerses Capital LLC acquired a new stake in Adecoagro during the 3rd quarter worth about $94,000. Finally, BigSur Wealth Management LLC purchased a new stake in Adecoagro during the 2nd quarter valued at about $175,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Stock Down 2.5 %

Adecoagro stock opened at $10.49 on Monday. The stock has a market capitalization of $1.09 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 1.21 and a beta of 1.03. The business has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $10.52. 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 S.A. has a 12 month low of $8.72 and a 12 month high of $12.23.

Adecoagro Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.174 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio is 22.67%.

Analyst Upgrades and Downgrades

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

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.