Dreyfus Kyril Robert Leo Louis Sells 1,163 Shares of Adecoagro (NYSE:AGRO) Stock

Adecoagro S.A. (NYSE:AGRO) Director Dreyfus Kyril Robert Leo Louis sold 1,163 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $13.03, for a total value of $15,153.89. Following the completion of the transaction, the director owned 8,661 shares of the company’s stock, valued at approximately $112,852.83. This represents a 11.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Adecoagro Price Performance

Shares of Adecoagro stock traded up $0.12 on Wednesday, hitting $13.62. The company’s stock had a trading volume of 1,544,178 shares, compared to its average volume of 1,279,911. Adecoagro S.A. has a 52-week low of $6.89 and a 52-week high of $15.89. The company has a quick ratio of 0.82, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $11.84 and a 200-day moving average price of $9.40. The company has a market capitalization of $1.36 billion, a P/E ratio of -170.25, a price-to-earnings-growth ratio of 0.26 and a beta of 0.08.

Adecoagro (NYSE:AGRO) last posted its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $432.91 million for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. On average, equities research analysts expect that Adecoagro S.A. will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adecoagro

Hedge funds and other institutional investors have recently made changes to their positions in the business. Decker Retirement Planning Inc. acquired a new position in Adecoagro in the first quarter valued at $4,629,000. SG Americas Securities LLC purchased a new position in shares of Adecoagro in the 1st quarter worth $318,000. Virtu Financial LLC purchased a new position in shares of Adecoagro in the 4th quarter worth $147,000. Tudor Investment Corp ET AL boosted its holdings in Adecoagro by 134.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 88,132 shares of the company’s stock valued at $699,000 after acquiring an additional 50,464 shares during the last quarter. Finally, Polymer Capital Management US LLC acquired a new position in Adecoagro in the fourth quarter valued at $939,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AGRO shares. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. Zacks Research lowered Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and increased their target price for the company from $8.00 to $16.20 in a report on Monday, March 30th. Truist Financial set a $9.00 price target on Adecoagro in a report on Friday, January 9th. Finally, Morgan Stanley upgraded Adecoagro from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $9.50 to $13.00 in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.53.

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.