Quantbot Technologies LP Acquires Shares of 25,407 Adecoagro S.A. (NYSE:AGRO)

Quantbot Technologies LP bought a new stake in shares of Adecoagro S.A. (NYSE:AGRO) in the fourth quarter, Holdings Channel reports. The firm bought 25,407 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. boosted its position in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after purchasing an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Adecoagro by 14,282.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after purchasing an additional 155,681 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after buying an additional 933 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Adecoagro by 84.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company’s stock valued at $485,000 after buying an additional 20,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Adecoagro in the third quarter worth approximately $37,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $11.38 on Friday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 7.58, a P/E/G ratio of 1.43 and a beta of 0.98. The business has a 50-day moving average of $10.32 and a two-hundred day moving average of $10.64. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.

Adecoagro Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.175 dividend. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. Adecoagro’s payout ratio is 39.33%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.63.

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.