Agrium Inc. (AGU) Shares Bought by Legal & General Group Plc
Legal & General Group Plc increased its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 678,161 shares of the basic materials company’s stock after buying an additional 35,225 shares during the period. Legal & General Group Plc owned 0.49% of Agrium worth $59,061,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Agrium by 138.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock worth $150,000 after buying an additional 909 shares during the last quarter. V Wealth Management LLC bought a new position in Agrium during the second quarter worth $156,000. Envestnet Asset Management Inc. boosted its position in 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 last quarter. M&T Bank Corp bought a new position in Agrium during the first quarter worth $234,000. Finally, Creative Planning boosted its position in 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 last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Agrium Inc. (NYSE:AGU) opened at 96.94 on Friday. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 23.39 and a beta of 0.62. The stock has a 50 day moving average of $98.24 and a 200-day moving average of $95.56. Agrium Inc. has a one year low of $87.78 and a one year high of $111.88.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.875 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.50 annualized dividend and a yield of 3.61%. Agrium’s dividend payout ratio (DPR) is presently 84.34%.
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AGU has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 price objective on shares of Agrium in a research report on Thursday, June 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $107.00 price objective (down previously from $114.00) on shares of Agrium in a research report on Monday, July 10th. Vertical Research raised shares of Agrium from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Cowen and Company set a $99.00 price objective on shares of Agrium and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, TD Securities increased their price objective on shares of Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $104.31.
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.
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