Key Points
- Director sale: Christian Ferdinando Deprati sold 1,163 shares on April 21 at $13.03 for $15,153.89 to cover tax withholding from vested equity, reducing his stake by 11.7% to 8,775 shares (≈$114,338).
- Routine sell-to-cover: Multiple directors executed identical 1,163-share sales that day as non-discretionary sell-to-cover transactions, which the report frames as tax-related routine sales rather than signals of waning insider confidence.
- Market and analyst snapshot: AGRO trades near $13.62 with a market cap of ~$1.36B and a negative P/E; analysts have a consensus rating of Hold with an average target of $11.53 and institutional ownership around 45%.
Adecoagro S.A. (NYSE:AGRO - Get Free Report) Director Christian Ferdinando Deprati sold 1,163 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $13.03, for a total value of $15,153.89. Following the completion of the transaction, the director directly owned 8,775 shares of the company's stock, valued at approximately $114,338.25. The trade was a 11.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Adecoagro Trading Up 0.9%
Shares of AGRO opened at $13.62 on Thursday. The stock has a market cap of $1.36 billion, a PE ratio of -170.25, a PEG ratio of 0.28 and a beta of 0.08. Adecoagro S.A. has a 1 year low of $6.89 and a 1 year high of $15.89. The stock has a 50 day simple moving average of $11.94 and a 200-day simple moving average of $9.43. The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77.
Adecoagro (NYSE:AGRO - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $432.91 million for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%. On average, sell-side analysts predict that Adecoagro S.A. will post 1.38 EPS for the current fiscal year.
Institutional Investors Weigh In On Adecoagro
A number of institutional investors have recently made changes to their positions in AGRO. Ghisallo Capital Management LLC bought a new stake in shares of Adecoagro during the fourth quarter worth approximately $2,987,000. Decker Retirement Planning Inc. acquired a new stake in shares of Adecoagro in the first quarter valued at approximately $4,629,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Adecoagro in the third quarter valued at approximately $1,960,000. Invesco Ltd. raised its position in Adecoagro by 86.5% during the second quarter. Invesco Ltd. now owns 458,693 shares of the company's stock valued at $4,192,000 after purchasing an additional 212,685 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in Adecoagro during the fourth quarter valued at approximately $1,586,000. Institutional investors own 45.25% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have commented on AGRO. Morgan Stanley upgraded Adecoagro from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $9.50 to $13.00 in a research report on Tuesday, March 17th. Bank of America raised Adecoagro from an "underperform" rating to a "neutral" rating and set a $9.00 price objective on the stock in a research note on Friday, January 9th. Weiss Ratings raised Adecoagro from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, March 4th. Truist Financial set a $9.00 price target on Adecoagro in a research note on Friday, January 9th. Finally, Wall Street Zen raised Adecoagro from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Adecoagro has a consensus rating of "Hold" and an average target price of $11.53.
Check Out Our Latest Research Report on Adecoagro
Adecoagro News Roundup
Here are the key news stories impacting Adecoagro this week:
About Adecoagro
(
Get Free Report)
Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.
The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.
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