Quantbot Technologies LP Makes New Investment in Adecoagro S.A. (NYSE:AGRO)

Quantbot Technologies LP bought a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 25,407 shares of the company's stock, valued at approximately $240,000.

Several other large investors have also recently bought and sold shares of AGRO. Citigroup Inc. raised its position in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company's stock worth $5,536,000 after acquiring an additional 263,125 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Adecoagro by 14,282.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company's stock valued at $1,735,000 after purchasing an additional 155,681 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of Adecoagro by 21.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock valued at $58,000 after purchasing an additional 933 shares during the period. Point72 Asset Management L.P. lifted its stake in Adecoagro by 84.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company's stock valued at $485,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Adecoagro during the third quarter worth about $37,000. 45.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.63.

Adecoagro Stock Performance

Shares of NYSE AGRO traded up $0.01 during mid-day trading on Wednesday, reaching $11.36. 729,154 shares of the company were exchanged, compared to its average volume of 753,483. The stock has a market capitalization of $1.18 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.43 and a beta of 0.65. 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 company's 50-day simple moving average is $10.43 and its 200-day simple moving average is $10.64. Adecoagro S.A. has a twelve month low of $8.72 and a twelve month high of $12.08.

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.175 per share. This represents a dividend yield of 3%. The ex-dividend date is Friday, May 2nd. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's payout ratio is currently 39.33%.

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.