Keybank National Association OH Has $227,000 Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Keybank National Association OH increased its holdings in shares of Adecoagro S.A. (NYSE:AGROGet Rating) by 20.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 27,383 shares of the company’s stock after purchasing an additional 4,639 shares during the period. Keybank National Association OH’s holdings in Adecoagro were worth $227,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in Adecoagro by 81.2% in the 1st quarter. JPMorgan Chase & Co. now owns 312,044 shares of the company’s stock valued at $3,769,000 after acquiring an additional 139,854 shares in the last quarter. HighTower Advisors LLC acquired a new position in Adecoagro in the 1st quarter valued at approximately $766,000. Charles Schwab Investment Management Inc. acquired a new position in Adecoagro in the 1st quarter valued at approximately $2,106,000. Verition Fund Management LLC acquired a new position in Adecoagro in the 1st quarter valued at approximately $6,060,000. Finally, Wexford Capital LP acquired a new position in Adecoagro in the 1st quarter valued at approximately $2,210,000. Institutional investors and hedge funds own 42.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AGRO. Ita├║ Unibanco began coverage on Adecoagro in a report on Friday, September 30th. They issued an “outperform” rating and a $10.00 price target for the company. Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $11.50 to $10.00 in a report on Wednesday, December 14th. Itau BBA Securities initiated coverage on Adecoagro in a research note on Friday, September 30th. They issued an “outperform” rating and a $10.00 price objective on the stock. Finally, StockNews.com initiated coverage on Adecoagro in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Adecoagro Trading Up 0.8 %

AGRO stock opened at $8.38 on Friday. Adecoagro S.A. has a 1-year low of $6.95 and a 1-year high of $13.55. The firm has a market cap of $933.38 million, a P/E ratio of 5.66 and a beta of 1.01. The business’s 50 day moving average is $7.98 and its 200-day moving average is $8.28. The company has a current ratio of 1.80, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Adecoagro (NYSE:AGROGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $386.06 million for the quarter. Adecoagro had a return on equity of 18.67% and a net margin of 12.70%. Equities analysts anticipate that Adecoagro S.A. will post 1.13 earnings per share for the current fiscal year.

Adecoagro Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, November 17th. Investors of record on Wednesday, November 2nd were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 1st. This is a positive change from Adecoagro’s previous dividend of $0.16. This represents a yield of 3.6%. Adecoagro’s dividend payout ratio is 21.62%.

Adecoagro Company Profile

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Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanuts, cotton, sunflowers, and others; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

Further Reading

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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