Adecoagro (NYSE:AGRO) Shares Gap Down – Time to Sell?

Shares of Adecoagro S.A. (NYSE:AGRO) gapped down prior to trading on Friday . The stock had previously closed at $11.69, but opened at $11.01. Adecoagro shares last traded at $10.47, with a volume of 496,510 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AGRO shares. Bank of America downgraded Adecoagro from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $12.00 to $10.80 in a research note on Friday. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Adecoagro has a consensus rating of “Hold” and a consensus price target of $11.70.

Adecoagro Stock Down 14.9 %

The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $10.96 and a 200 day simple moving average of $10.61. The stock has a market cap of $994.93 million, a price-to-earnings ratio of 6.63, a PEG ratio of 1.43 and a beta of 0.65.

Adecoagro Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s payout ratio is 39.33%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. NBC Securities Inc. raised its holdings in shares of Adecoagro by 143,775.0% in the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company’s stock worth $64,000 after acquiring an additional 5,751 shares during the last quarter. R Squared Ltd bought a new stake in Adecoagro during the 4th quarter worth approximately $70,000. OLD Mission Capital LLC purchased a new stake in shares of Adecoagro in the fourth quarter worth approximately $108,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $126,000. Finally, Lazard Asset Management LLC boosted its position in shares of Adecoagro by 26.3% during the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock valued at $126,000 after buying an additional 2,794 shares during the last quarter. 45.25% of the stock is owned by institutional investors.

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.