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 the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $15.03, for a total transaction of $15,030.00. Following the transaction, the director owned 6,084 shares in the company, valued at $91,442.52. This trade represents a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adecoagro Stock Down 5.7%

NYSE AGRO traded down $0.86 during trading hours on Wednesday, reaching $14.17. 617,901 shares of the company traded hands, compared to its average volume of 1,218,271. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1.42 billion, a PE ratio of -177.42, a PEG ratio of 0.31 and a beta of 0.08. Adecoagro S.A. has a 12 month low of $6.89 and a 12 month high of $15.89. The company has a 50 day moving average of $10.88 and a two-hundred day moving average of $9.01.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $432.91 million during the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. As a group, equities analysts expect that Adecoagro S.A. will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AGRO. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research note on Friday, January 9th. Wall Street Zen upgraded Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Finally, Truist Financial set a $9.00 price objective on shares of Adecoagro in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.84.

Institutional Trading of Adecoagro

Several hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. grew its position in shares of Adecoagro by 4.3% during the fourth quarter. Principal Securities Inc. now owns 44,530 shares of the company’s stock worth $353,000 after acquiring an additional 1,851 shares during the last quarter. Ping Capital Management Inc. grew its position in shares of Adecoagro by 3.1% during the third quarter. Ping Capital Management Inc. now owns 100,000 shares of the company’s stock worth $784,000 after acquiring an additional 3,000 shares during the last quarter. State of Wyoming grew its position in shares of Adecoagro by 17.8% during the third quarter. State of Wyoming now owns 20,270 shares of the company’s stock worth $159,000 after acquiring an additional 3,067 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Adecoagro by 7.5% during the third quarter. Quantbot Technologies LP now owns 61,776 shares of the company’s stock valued at $484,000 after buying an additional 4,286 shares during the last quarter. Finally, R Squared Ltd raised its holdings in shares of Adecoagro by 61.1% during the third quarter. R Squared Ltd now owns 22,302 shares of the company’s stock valued at $175,000 after buying an additional 8,462 shares during the last quarter. Institutional investors own 45.25% of the company’s stock.

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.