Van ECK Associates Corp Sells 7,771 Shares of Adecoagro S.A. (NYSE:AGRO)

Van ECK Associates Corp reduced its position in Adecoagro S.A. (NYSE:AGRO) by 22.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,754 shares of the company’s stock after selling 7,771 shares during the quarter. Van ECK Associates Corp’s holdings in Adecoagro were worth $260,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in Adecoagro during the fourth quarter valued at approximately $204,000. BNP Paribas Financial Markets grew its position in Adecoagro by 6,935.7% in the fourth quarter. BNP Paribas Financial Markets now owns 76,126 shares of the company’s stock valued at $845,000 after acquiring an additional 75,044 shares during the period. Jump Financial LLC grew its position in Adecoagro by 47.1% in the fourth quarter. Jump Financial LLC now owns 85,900 shares of the company’s stock valued at $953,000 after acquiring an additional 27,500 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Adecoagro during the fourth quarter worth $958,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of Adecoagro during the fourth quarter valued at $527,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Stock Performance

Adecoagro stock opened at $11.21 on Tuesday. Adecoagro S.A. has a 12-month low of $8.72 and a 12-month high of $12.51. The stock has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $10.28. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 4.75, a P/E/G ratio of 1.83 and a beta of 1.08.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The company had revenue of $411.42 million during the quarter. On average, research analysts anticipate that Adecoagro S.A. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGRO has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $10.50 to $11.50 in a report on Monday, July 1st. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Bank of America cut their target price on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research note on Monday.

Adecoagro 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.