AgroFresh Solutions, Inc. (AGFS) Position Reduced by New York State Common Retirement Fund
New York State Common Retirement Fund reduced its holdings in shares of AgroFresh Solutions, Inc. (NASDAQ:AGFS) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,500 shares of the basic materials company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund’s holdings in AgroFresh Solutions were worth $162,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of AGFS. Bank of New York Mellon Corp lifted its holdings in AgroFresh Solutions by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 99,811 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 5,626 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of AgroFresh Solutions by 8.9% in the first quarter. TIAA CREF Investment Management LLC now owns 69,347 shares of the basic materials company’s stock valued at $303,000 after buying an additional 5,648 shares during the period. Geode Capital Management LLC raised its stake in shares of AgroFresh Solutions by 2.9% in the first quarter. Geode Capital Management LLC now owns 204,662 shares of the basic materials company’s stock valued at $894,000 after buying an additional 5,753 shares during the period. Acadian Asset Management LLC bought a new stake in shares of AgroFresh Solutions in the second quarter valued at $900,000. Finally, Dow Chemical Co. DE raised its stake in shares of AgroFresh Solutions by 1.0% in the second quarter. Dow Chemical Co. DE now owns 17,670,356 shares of the basic materials company’s stock valued at $126,874,000 after buying an additional 170,356 shares during the period. Institutional investors and hedge funds own 72.18% of the company’s stock.
Several brokerages have issued reports on AGFS. BidaskClub lowered AgroFresh Solutions from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. restated a “neutral” rating and issued a $8.00 target price (down from $9.00) on shares of AgroFresh Solutions in a research note on Monday, August 14th.
In other news, major shareholder Chemical Co /De/ Dow bought 4,758 shares of the stock in a transaction on Wednesday, August 30th. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $33,258.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.20% of the company’s stock.
Shares of AgroFresh Solutions, Inc. (NASDAQ:AGFS) opened at $5.72 on Monday. The stock has a market capitalization of $287.93, a price-to-earnings ratio of 572.00 and a beta of 0.88. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.51 and a quick ratio of 2.28. AgroFresh Solutions, Inc. has a one year low of $2.49 and a one year high of $9.05.
AgroFresh Solutions Profile
AgroFresh Solutions, Inc, formerly Boulevard Acquisition Corp., is a developer of agricultural technologies that preserve the freshness and value of fresh produce, including apples, pears, kiwifruit, avocados and bananas, as well as flowers. The Company’s principal product, The SmartFresh Quality System (SmartFresh), regulates the post-harvest ripening effects of ethylene, the naturally occurring plant hormone that triggers ripening in certain fruits and vegetables, through technology.
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