NBC Securities Inc. Increases Holdings in Adecoagro S.A. (NYSE:AGRO)

NBC Securities Inc. raised its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 143,775.0% in the first quarter, Holdings Channel reports. The institutional investor owned 5,755 shares of the company’s stock after buying an additional 5,751 shares during the quarter. NBC Securities Inc.’s holdings in Adecoagro were worth $64,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Comprehensive Money Management Services LLC purchased a new position in shares of Adecoagro in the fourth quarter worth $464,000. Vise Technologies Inc. purchased a new position in shares of Adecoagro in the fourth quarter worth $153,000. PharVision Advisers LLC purchased a new position in shares of Adecoagro in the fourth quarter worth $225,000. Voloridge Investment Management LLC raised its stake in shares of Adecoagro by 3.5% in the fourth quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company’s stock worth $4,486,000 after purchasing an additional 16,291 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Adecoagro by 15.8% in the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company’s stock worth $282,000 after purchasing an additional 4,089 shares during the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO opened at $9.23 on Thursday. The business has a fifty day moving average of $9.80 and a 200 day moving average of $10.11. Adecoagro S.A. has a one year low of $8.45 and a one year 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. The firm has a market capitalization of $922.44 million, a P/E ratio of 6.15, a PEG ratio of 1.43 and a beta of 0.71.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date was Friday, May 2nd. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s payout ratio is currently 56.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on AGRO. UBS Group decreased their price target on Adecoagro from $10.50 to $9.90 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Bank of America lowered Adecoagro from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $12.00 to $10.80 in a report on Friday, April 25th. Morgan Stanley lowered Adecoagro from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $10.00 in a report on Monday, April 28th. Finally, Wall Street Zen lowered Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.55.

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.