1 week Ago By Defense World Staff
Invesco Ltd. trimmed its stake in Adecoagro S.A.
( NYSE:AGRO – Free Report ) by 50.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,419 shares of the company’s stock after selling 318,699 shares during the period.
Invesco Ltd. owned 0.31% of Adecoagro worth $3,003,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Banco Santander S.A.
purchased a new position in shares of Adecoagro during the 4th quarter valued at about $73,714,000. Carrera Capital Advisors bought a new position in shares of Adecoagro in the fourth quarter worth approximately $887,000. Magnetar Financial LLC purchased a new stake in shares of Adecoagro in the fourth quarter worth $526,000.
Sanctuary Advisors LLC bought a new stake in shares of Adecoagro during the 4th quarter valued at $491,000. Finally, Helikon Investments Ltd lifted its stake in shares of Adecoagro by 0.5% during the 4th quarter.
Helikon Investments Ltd now owns 6,976,857 shares of the company’s stock valued at $65,792,000 after buying an additional 35,000 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms have commented on AGRO. 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. StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.
One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.
70. Adecoagro Price Performance NYSE:AGRO opened at $9.95 on Monday.
The business’s 50-day moving average is $10.96 and its 200 day moving average is $10.61.
Adecoagro S.A. has a 12 month low of $8.
72 and a 12 month high of $12.08. The company has a market capitalization of $994.
93 million, a P/E ratio of 6.63, a P/E/G ratio of 1.43 and a beta of 0.
65. The company has a current ratio of 2.40, a quick ratio of 1.
09 and a debt-to-equity ratio of 0.48. Adecoagro Increases Dividend The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th.
Stockholders of record on Friday, May 2nd will be given a dividend of $0.175 per share. This is an increase from Adecoagro’s previous semi-annual dividend of $0.
17. This represents a dividend yield of 3%. The ex-dividend date is Friday, May 2nd.
Adecoagro’s dividend payout ratio is currently 39.33%. Adecoagro Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Adecoagro 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Best Stocks Under $10.
00 O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors What Does a Gap Up Mean in Stocks? How to Play the Gap Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding AGRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adecoagro S.A.
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