Adecoagro (NYSE:AGRO) Sees Large Volume Increase – Here’s What Happened

Adecoagro S.A. (NYSE:AGRO) saw strong trading volume on Thursday . 2,283,791 shares traded hands during mid-day trading, an increase of 249% from the previous session’s volume of 655,267 shares.The stock last traded at $7.3920 and had previously closed at $7.84.

Analysts Set New Price Targets

AGRO has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. JPMorgan Chase & Co. assumed coverage on Adecoagro in a research note on Monday, December 1st. They issued an “underweight” rating and a $7.00 price target on the stock. Finally, UBS Group lowered their price objective on Adecoagro from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $8.83.

Adecoagro Price Performance

The stock has a market cap of $708.14 million, a price-to-earnings ratio of 30.76 and a beta of 0.44. The company has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $8.54. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Monday, December 1st. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $304.21 million for the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. As a group, research analysts anticipate that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Adecoagro Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 3rd were given a dividend of $0.1749 per share. This represents a dividend yield of 444.0%. The ex-dividend date of this dividend was Monday, November 3rd. Adecoagro’s dividend payout ratio is currently 152.17%.

Hedge Funds Weigh In On Adecoagro

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP increased its position in shares of Adecoagro by 5.8% in the first quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock worth $300,000 after acquiring an additional 1,481 shares in the last quarter. Russell Investments Group Ltd. grew its position in Adecoagro by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 108,843 shares of the company’s stock worth $1,216,000 after purchasing an additional 1,823 shares in the last quarter. Ping Capital Management Inc. raised its stake in Adecoagro by 3.1% during the 3rd quarter. Ping Capital Management Inc. now owns 100,000 shares of the company’s stock valued at $784,000 after purchasing an additional 3,000 shares during the period. State of Wyoming lifted its holdings in shares of Adecoagro by 17.8% in the third quarter. State of Wyoming now owns 20,270 shares of the company’s stock valued at $159,000 after purchasing an additional 3,067 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Adecoagro by 22.7% in the first quarter. Vident Advisory LLC now owns 36,664 shares of the company’s stock worth $410,000 after buying an additional 6,773 shares during the period. Institutional investors own 45.25% of the company’s stock.

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.