OMERS ADMINISTRATION Corp raised its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 28.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,200 shares of the basic materials company’s stock after buying an additional 20,800 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Agrium were worth $8,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of Agrium by 10.4% in the third quarter. Advisor Group Inc. now owns 1,362 shares of the basic materials company’s stock worth $124,000 after buying an additional 128 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock worth $212,000 after buying an additional 103 shares during the period. M&T Bank Corp purchased a new stake in shares of Agrium during the first quarter worth about $234,000. BB&T Securities LLC boosted its stake in shares of Agrium by 0.9% in the third quarter. BB&T Securities LLC now owns 2,730 shares of the basic materials company’s stock worth $247,000 after buying an additional 25 shares during the period. Finally, Creative Planning boosted its stake in shares of Agrium by 6.1% in the first quarter. Creative Planning now owns 2,746 shares of the basic materials company’s stock worth $262,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 70.13% of the company’s stock.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

Agrium Inc. (NYSE:AGU) traded up 4.40% during midday trading on Friday, hitting $92.52. 654,432 shares of the stock traded hands. Agrium Inc. has a 12-month low of $87.62 and a 12-month high of $111.88. The firm has a market cap of $12.78 billion, a P/E ratio of 22.05 and a beta of 0.83. The company’s 50-day moving average is $92.39 and its 200 day moving average is $98.21.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be given a dividend of $0.875 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.78%. Agrium’s dividend payout ratio is presently 81.21%.

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Several equities analysts recently weighed in on AGU shares. Vertical Research raised shares of Agrium from a “hold” rating to a “buy” rating in a research note on Friday. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price objective on shares of Agrium in a research note on Wednesday, April 5th. Credit Suisse Group AG set a $100.00 price objective on shares of Agrium and gave the stock a “hold” rating in a research note on Saturday, February 11th. TD Securities set a $99.00 price objective on shares of Agrium and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Finally, Citigroup Inc dropped their price objective on shares of Agrium from $111.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $103.85.

Agrium Company Profile

Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

5 Day Chart for NYSE:AGU

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