Jane Street Group LLC Has $1.48 Million Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Jane Street Group LLC lifted its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 193.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,886 shares of the company's stock after acquiring an additional 103,378 shares during the period. Jane Street Group LLC owned approximately 0.15% of Adecoagro worth $1,479,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGRO. Parvin Asset Management LLC acquired a new stake in Adecoagro during the 4th quarter worth approximately $279,000. PDT Partners LLC acquired a new stake in Adecoagro during the 4th quarter worth approximately $349,000. Northern Trust Corp raised its holdings in Adecoagro by 352.0% during the 4th quarter. Northern Trust Corp now owns 57,549 shares of the company's stock worth $543,000 after buying an additional 44,816 shares during the period. Aquatic Capital Management LLC raised its holdings in Adecoagro by 837.5% during the 4th quarter. Aquatic Capital Management LLC now owns 28,124 shares of the company's stock worth $265,000 after buying an additional 25,124 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Adecoagro during the 4th quarter worth approximately $1,435,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Price Performance

NYSE:AGRO opened at $9.35 on Tuesday. 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 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $10.39 and a 200 day simple moving average of $10.33. The stock has a market capitalization of $934.93 million, a PE ratio of 6.23, a P/E/G ratio of 1.43 and a beta of 0.74.

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 $0.175 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. Adecoagro's dividend payout ratio (DPR) is currently 56.45%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AGRO shares. StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley cut shares of Adecoagro from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $13.00 to $10.00 in a research note on Monday, April 28th. Bank of America cut shares of Adecoagro from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $12.00 to $10.80 in a research note on Friday, April 25th. Finally, UBS Group decreased their price target on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Two equities 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.com, the company currently has a consensus rating of "Hold" and an average 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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