Insider Selling: Adecoagro (NYSE:AGRO) Director Sells 1,163 Shares of Stock

Adecoagro S.A. (NYSE:AGRO) Director Dreyfus Kyril Robert Leo Louis sold 1,163 shares of Adecoagro stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $13.03, for a total transaction of $15,153.89. Following the completion of the sale, the director directly owned 8,661 shares in the company, valued at approximately $112,852.83. The trade was a 11.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Adecoagro Stock Performance

Shares of Adecoagro stock traded up $0.12 on Wednesday, reaching $13.62. 1,544,178 shares of the stock were exchanged, compared to its average volume of 1,279,911. The firm has a market capitalization of $1.36 billion, a PE ratio of -170.25, a PEG ratio of 0.26 and a beta of 0.08. Adecoagro S.A. has a 1-year low of $6.89 and a 1-year high of $15.89. The business has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $9.40. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The firm had revenue of $432.91 million during the quarter. As a group, research analysts anticipate that Adecoagro S.A. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup cut Adecoagro from a “buy” rating to a “neutral” rating and raised their price target for the company from $13.00 to $15.00 in a report on Tuesday, April 14th. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $16.20 in a research report on Monday, March 30th. Wall Street Zen raised Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Bank of America upgraded shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a research report on Friday, January 9th. Finally, Zacks Research cut shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Adecoagro has an average rating of “Hold” and a consensus target price of $11.53.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors and hedge funds have recently modified their holdings of AGRO. Ghisallo Capital Management LLC acquired a new stake in shares of Adecoagro in the 4th quarter worth approximately $2,987,000. Decker Retirement Planning Inc. acquired a new position in Adecoagro during the first quarter worth $4,629,000. PenderFund Capital Management Ltd. acquired a new position in Adecoagro during the third quarter worth $1,960,000. Invesco Ltd. boosted its position in Adecoagro by 86.5% during the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after purchasing an additional 212,685 shares in the last quarter. Finally, Burkehill Global Management LP purchased a new stake in Adecoagro during the fourth quarter worth $1,586,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.