PDT Partners LLC Purchases Shares of 36,994 Adecoagro S.A. (NYSE:AGRO)

PDT Partners LLC acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,994 shares of the company's stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AGRO. R Squared Ltd purchased a new position in shares of Adecoagro during the 4th quarter worth approximately $70,000. OLD Mission Capital LLC purchased a new stake in Adecoagro during the fourth quarter worth approximately $108,000. Dynamic Technology Lab Private Ltd purchased a new stake in Adecoagro in the fourth quarter valued at $126,000. Blue Trust Inc. increased its position in shares of Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock worth $129,000 after purchasing an additional 6,387 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Adecoagro in the 4th quarter valued at about $163,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGRO. Morgan Stanley cut shares of Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $13.00 to $10.00 in a report on Monday, April 28th. StockNews.com cut Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Bank of America cut shares of Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $12.00 to $10.80 in a research note on Friday, April 25th. Finally, UBS Group dropped their target price on Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.55.

Adecoagro Price Performance

NYSE:AGRO traded up $0.16 during trading hours on Tuesday, reaching $8.66. 703,382 shares of the company traded hands, compared to its average volume of 841,022. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The firm's 50-day moving average is $10.77 and its 200-day moving average is $10.52. The stock has a market cap of $865.94 million, a P/E ratio of 5.77, a P/E/G ratio of 1.43 and a beta of 0.74. Adecoagro S.A. has a 1-year low of $8.44 and a 1-year high of $12.08.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a $0.175 dividend. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 3%. Adecoagro's payout ratio is presently 39.33%.

Adecoagro Company 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.