Adecoagro S.A. (NYSE:AGRO) Shares Purchased by Herr Investment Group LLC

Herr Investment Group LLC grew its position in Adecoagro S.A. (NYSE:AGRO) by 30.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,649,555 shares of the company’s stock after acquiring an additional 616,345 shares during the period. Adecoagro comprises about 1.7% of Herr Investment Group LLC’s portfolio, making the stock its 4th largest holding. Herr Investment Group LLC owned 2.54% of Adecoagro worth $25,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGRO. Susquehanna Fundamental Investments LLC bought a new position in Adecoagro during the 1st quarter worth $128,000. Cornerstone Investment Partners LLC acquired a new stake in Adecoagro in the 1st quarter worth about $176,000. BigSur Wealth Management LLC bought a new stake in Adecoagro in the 2nd quarter valued at about $175,000. Bailard Inc. bought a new stake in Adecoagro in the 2nd quarter valued at about $262,000. Finally, MQS Management LLC acquired a new position in shares of Adecoagro during the 1st quarter worth approximately $306,000. Institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $11.64 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.42 and a quick ratio of 0.98. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The firm has a market capitalization of $1.21 billion, a P/E ratio of 4.93, a P/E/G ratio of 1.19 and a beta of 1.08. The company’s 50 day moving average price is $10.41 and its two-hundred day moving average price is $10.34.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $411.42 million during the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. On average, equities analysts forecast that Adecoagro S.A. will post 1.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

AGRO has been the subject of a number of analyst reports. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Bank of America cut their target price on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Monday, September 9th. Morgan Stanley lowered Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $14.50 to $12.50 in a report on Tuesday. Finally, JPMorgan Chase & Co. raised Adecoagro from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $10.50 to $11.50 in a research note on Monday, July 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Adecoagro presently has a consensus rating of “Hold” and an average price target of $12.63.

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.