Westwood Global Investments LLC Sells 21,000 Shares of Adecoagro S.A. (NYSE:AGRO)

Westwood Global Investments LLC cut its position in shares of Adecoagro S.A. (NYSE:AGRO) by 1.2% during the 2nd quarter, Holdings Channel reports. The firm owned 1,788,386 shares of the company’s stock after selling 21,000 shares during the quarter. Adecoagro makes up approximately 0.9% of Westwood Global Investments LLC’s holdings, making the stock its 11th largest holding. Westwood Global Investments LLC’s holdings in Adecoagro were worth $17,401,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Helikon Investments Ltd boosted its stake in shares of Adecoagro by 95.5% in the 1st quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock worth $27,847,000 after buying an additional 1,234,654 shares during the last quarter. Jennison Associates LLC grew its stake in Adecoagro by 10.5% in the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after purchasing an additional 561,352 shares during the period. Boston Partners increased its position in shares of Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after purchasing an additional 546,465 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Adecoagro during the 1st quarter valued at $4,174,000. Finally, Ping Capital Management Inc. bought a new stake in shares of Adecoagro during the 2nd quarter worth $1,099,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Trading Up 1.7 %

Shares of Adecoagro stock opened at $11.57 on Monday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 4.90, a P/E/G ratio of 1.19 and a beta of 1.08. Adecoagro S.A. has a 52-week low of $8.72 and a 52-week high of $12.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 2.42. The stock’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $10.32.

Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. The firm had revenue of $411.42 million during the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. As a group, research analysts anticipate that Adecoagro S.A. will post 1.53 EPS for the current year.

Analyst Ratings Changes

AGRO has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and increased their price target for the company from $10.50 to $11.50 in a research report on Monday, July 1st. Bank of America reduced their target price on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Monday, September 9th. Finally, StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th.

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.