Artigas Manuela Vaz Sells 1,000 Shares of Adecoagro (NYSE:AGRO) Stock

Adecoagro S.A. (NYSE:AGRO) Director Artigas Manuela Vaz sold 1,000 shares of Adecoagro stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $15.03, for a total value of $15,030.00. Following the sale, the director directly owned 6,084 shares in the company, valued at approximately $91,442.52. This trade represents a 14.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adecoagro Stock Performance

Shares of NYSE:AGRO traded down $0.86 on Wednesday, hitting $14.17. The company’s stock had a trading volume of 617,901 shares, compared to its average volume of 1,218,271. Adecoagro S.A. has a 12 month low of $6.89 and a 12 month high of $15.89. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -177.42, a price-to-earnings-growth ratio of 0.31 and a beta of 0.08. The stock’s 50-day moving average is $10.88 and its two-hundred day moving average is $9.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 1.38.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%.The business had revenue of $432.91 million during the quarter. On average, equities research analysts forecast that Adecoagro S.A. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

AGRO has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Bank of America raised Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a research note on Friday, January 9th. UBS Group raised Adecoagro from a “neutral” rating to a “buy” rating and increased their price target for the company from $8.00 to $16.20 in a research note on Monday, March 30th. Citigroup assumed coverage on Adecoagro in a research note on Monday, February 16th. They set a “buy” rating for the company. Finally, Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $9.50 to $13.00 in a research report on Tuesday, March 17th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adecoagro currently has a consensus rating of “Hold” and a consensus price target of $10.84.

Institutional Trading of Adecoagro

A number of large investors have recently added to or reduced their stakes in the business. Sparta 24 Ltd. boosted its holdings in Adecoagro by 4.8% during the third quarter. Sparta 24 Ltd. now owns 2,200,278 shares of the company’s stock worth $17,250,000 after buying an additional 100,000 shares in the last quarter. Invesco Ltd. raised its position in shares of Adecoagro by 86.5% during the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after purchasing an additional 212,685 shares during the period. Ghisallo Capital Management LLC acquired a new stake in shares of Adecoagro during the fourth quarter worth $2,987,000. Ameriprise Financial Inc. raised its position in shares of Adecoagro by 32.3% during the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after purchasing an additional 90,518 shares during the period. Finally, HRT Financial LP raised its position in shares of Adecoagro by 13.4% during the fourth quarter. HRT Financial LP now owns 312,828 shares of the company’s stock worth $2,480,000 after purchasing an additional 36,857 shares during the period. 45.25% of the stock is currently owned by institutional investors.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.