Sentry Investments Corp. boosted its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 40.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,800 shares of the basic materials company’s stock after buying an additional 25,500 shares during the period. Sentry Investments Corp. owned about 0.06% of Agrium worth $10,437,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Probity Advisors Inc. boosted its stake in shares of Agrium by 0.4% in the second quarter. Probity Advisors Inc. now owns 9,799 shares of the basic materials company’s stock valued at $887,000 after buying an additional 41 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of Agrium by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock valued at $1,646,000 after buying an additional 85 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Agrium by 1.0% in the first quarter. World Asset Management Inc now owns 8,607 shares of the basic materials company’s stock valued at $822,000 after buying an additional 86 shares during the last quarter. Jarislowsky Fraser Ltd boosted its stake in shares of Agrium by 3.2% in the first quarter. Jarislowsky Fraser Ltd now owns 3,000 shares of the basic materials company’s stock valued at $285,000 after buying an additional 92 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Agrium by 1.2% in the first quarter. Comerica Bank now owns 8,519 shares of the basic materials company’s stock valued at $809,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 66.42% of the company’s stock.

Shares of Agrium Inc. (NYSE AGU) opened at 98.04 on Friday. The firm has a 50-day moving average price of $98.55 and a 200 day moving average price of $95.34. The stock has a market capitalization of $13.55 billion, a PE ratio of 23.65 and a beta of 0.62. Agrium Inc. has a one year low of $87.78 and a one year high of $111.88.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, September 28th. Agrium’s dividend payout ratio is currently 84.34%.

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Several brokerages recently commented on AGU. TD Securities boosted their price target on Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $116.00 price target (up from $107.00) on shares of Agrium in a research report on Friday, August 11th. Citigroup Inc. dropped their price target on Agrium from $104.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, May 9th. Cowen and Company set a $99.00 price target on Agrium and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut Agrium from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Agrium has an average 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.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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