First Republic Investment Management Inc. Trims Stock Holdings in Adecoagro SA (NYSE:AGRO)

First Republic Investment Management Inc. reduced its position in Adecoagro SA (NYSE:AGRO) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 65,200 shares of the company’s stock after selling 3,670 shares during the period. First Republic Investment Management Inc. owned 0.06% of Adecoagro worth $466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Adecoagro during the first quarter worth $109,000. Holistic Financial Partners grew its stake in Adecoagro by 11.4% in the first quarter. Holistic Financial Partners now owns 19,745 shares of the company’s stock valued at $136,000 after acquiring an additional 2,028 shares during the period. US Bancorp DE grew its stake in Adecoagro by 336.5% in the first quarter. US Bancorp DE now owns 75,608 shares of the company’s stock valued at $521,000 after acquiring an additional 58,287 shares during the period. Brandes Investment Partners LP grew its stake in Adecoagro by 8.7% in the first quarter. Brandes Investment Partners LP now owns 8,466,425 shares of the company’s stock valued at $58,334,000 after acquiring an additional 674,516 shares during the period. Finally, Almitas Capital LLC grew its stake in Adecoagro by 4.9% in the first quarter. Almitas Capital LLC now owns 611,129 shares of the company’s stock valued at $4,211,000 after acquiring an additional 28,332 shares during the period. 45.94% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the company. ValuEngine cut Adecoagro from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research cut Adecoagro from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Citigroup raised Adecoagro from a “neutral” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Sunday, June 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Adecoagro has an average rating of “Hold” and a consensus target price of $8.75.

NYSE:AGRO traded up $0.06 on Friday, reaching $5.95. The company’s stock had a trading volume of 39,864 shares, compared to its average volume of 359,857. The firm has a market cap of $656.23 million, a PE ratio of 7.63 and a beta of 0.67. The business’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.69. Adecoagro SA has a 1-year low of $5.29 and a 1-year high of $8.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.78 and a current ratio of 1.56.

Adecoagro (NYSE:AGRO) last released its earnings results on Thursday, August 15th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). The company had revenue of $227.79 million for the quarter. Adecoagro had a return on equity of 1.32% and a net margin of 2.53%. As a group, sell-side analysts expect that Adecoagro SA will post 0.34 EPS for the current year.

About Adecoagro

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

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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