Meag Munich Ergo Kapitalanlagegesellschaft MBH continued to hold its position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,239 shares of the basic materials company’s stock at the end of the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Agrium were worth $2,281,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hermes Investment Management Ltd. purchased a new stake in Agrium during the second quarter worth approximately $682,000. Aperio Group LLC increased its stake in Agrium by 18.5% in the second quarter. Aperio Group LLC now owns 51,975 shares of the basic materials company’s stock worth $4,703,000 after buying an additional 8,118 shares in the last quarter. Jarislowsky Fraser Ltd increased its stake in Agrium by 12.5% in the second quarter. Jarislowsky Fraser Ltd now owns 3,376 shares of the basic materials company’s stock worth $305,000 after buying an additional 376 shares in the last quarter. V Wealth Management LLC purchased a new stake in Agrium during the second quarter worth approximately $156,000. Finally, Cascade Investment Advisors Inc. increased its stake in Agrium by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 85 shares in the last quarter. Institutional investors own 69.03% of the company’s stock.

Agrium Inc. (NYSE:AGU) opened at 100.95 on Monday. The stock’s 50 day moving average price is $95.34 and its 200-day moving average price is $96.17. Agrium Inc. has a one year low of $87.75 and a one year high of $111.88. The stock has a market cap of $13.95 billion, a P/E ratio of 24.06 and a beta of 0.62.

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A number of analysts have recently commented on AGU shares. Stifel Nicolaus reissued a “buy” rating and issued a $107.00 price objective (down previously from $114.00) on shares of Agrium in a research note on Monday, July 10th. Cowen and Company set a $99.00 price objective on Agrium and gave the stock a “buy” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $110.00 price objective on shares of Agrium in a research note on Thursday, June 29th. Vertical Research raised Agrium from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Finally, TD Securities set a $99.00 target price on Agrium and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $103.00.

About Agrium

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.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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