Jane Street Group LLC Sells 18,431 Shares of Adecoagro S.A. (NYSE:AGRO)

Jane Street Group LLC reduced its stake in Adecoagro S.A. (NYSE:AGRO) by 25.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,508 shares of the company’s stock after selling 18,431 shares during the period. Jane Street Group LLC owned approximately 0.05% of Adecoagro worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Point72 Hong Kong Ltd lifted its stake in Adecoagro by 21.9% during the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after purchasing an additional 933 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Adecoagro by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 107,461 shares of the company’s stock worth $1,046,000 after purchasing an additional 2,099 shares during the last quarter. Quarry LP lifted its stake in Adecoagro by 259.4% during the second quarter. Quarry LP now owns 7,598 shares of the company’s stock worth $74,000 after purchasing an additional 5,484 shares during the last quarter. Blue Trust Inc. lifted its stake in Adecoagro by 1,281.5% during the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after purchasing an additional 6,792 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Adecoagro during the third quarter worth $94,000. 45.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AGRO has been the subject of several research analyst reports. Bank of America lowered their price target on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a report on Monday, September 9th. Morgan Stanley downgraded shares of Adecoagro from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $14.50 to $12.50 in a report on Tuesday, September 17th. Finally, UBS Group initiated coverage on shares of Adecoagro in a report on Monday, October 14th. They set a “neutral” rating and a $12.00 price target for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.63.

Adecoagro Price Performance

AGRO stock opened at $9.53 on Friday. The stock has a market capitalization of $992.41 million, a PE ratio of 6.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04. The company’s 50-day moving average is $10.65 and its 200-day moving average is $10.58. 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 S.A. has a 1 year low of $8.72 and a 1 year high of $12.07.

Adecoagro Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a $0.174 dividend. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a yield of 2.9%. Adecoagro’s dividend payout ratio (DPR) is presently 22.67%.

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.