Insigneo Advisory Services LLC Takes Position in Adecoagro S.A. (NYSE:AGRO)

Insigneo Advisory Services LLC acquired a new stake in Adecoagro S.A. (NYSE:AGRO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 94,520 shares of the company's stock, valued at approximately $1,056,000. Insigneo Advisory Services LLC owned 0.09% of Adecoagro at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of Adecoagro in the fourth quarter valued at about $491,000. Causeway Capital Management LLC grew its position in shares of Adecoagro by 88.8% in the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after purchasing an additional 266,816 shares during the last quarter. Northern Trust Corp increased its stake in shares of Adecoagro by 352.0% during the fourth quarter. Northern Trust Corp now owns 57,549 shares of the company's stock worth $543,000 after purchasing an additional 44,816 shares during the period. Comprehensive Money Management Services LLC acquired a new position in Adecoagro in the 4th quarter valued at $464,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Adecoagro during the fourth quarter worth $240,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Trading Down 0.7%

Shares of Adecoagro stock opened at $9.50 on Wednesday. Adecoagro S.A. has a 1 year low of $8.45 and a 1 year high of $12.08. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $949.91 million, a PE ratio of 15.32 and a beta of 0.71. The firm's 50 day moving average is $9.71 and its 200 day moving average is $10.07.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were paid a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date of this dividend was Friday, May 2nd. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio (DPR) is currently 56.45%.

Wall Street Analysts Forecast Growth

AGRO has been the topic of several research reports. 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. Wall Street Zen cut Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Morgan Stanley downgraded 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. Finally, Bank of America cut 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 report on Friday, April 25th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.

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