PDT Partners LLC Purchases New Shares in Adecoagro S.A. (NYSE:AGRO)

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

Other large investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of Adecoagro by 1.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company's stock worth $1,657,000 after acquiring an additional 1,900 shares during the period. Rockingstone Advisors LLC bought a new position in shares of Adecoagro in the fourth quarter worth about $170,000. Blue Trust Inc. boosted its position in shares of Adecoagro by 87.2% in 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 during the period. Helikon Investments Ltd increased its stake in shares of Adecoagro by 0.5% in the fourth quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock worth $65,792,000 after purchasing an additional 35,000 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Adecoagro during the 4th quarter valued at $70,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Adecoagro Trading Up 2.0 %

Adecoagro stock traded up $0.18 during mid-day trading on Thursday, hitting $8.79. The company's stock had a trading volume of 510,269 shares, compared to its average volume of 840,162. The stock has a market cap of $878.44 million, a PE ratio of 5.85, a P/E/G ratio of 1.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. Adecoagro S.A. has a one year low of $8.45 and a one year high of $12.08. The company has a 50 day moving average of $10.68 and a 200-day moving average of $10.49.

Adecoagro Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date is Friday, May 2nd. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio (DPR) is 39.33%.

Analysts Set New Price Targets

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

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.