Swiss National Bank Acquires 2,300 Shares of Agrium Inc. (AGU)
Swiss National Bank lifted its holdings in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,943 shares of the basic materials company’s stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank owned about 0.39% of Agrium worth $48,399,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of AGU. Tower Research Capital LLC TRC lifted its holdings in shares of Agrium by 138.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 909 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Agrium during the 2nd quarter valued at $156,000. Envestnet Asset Management Inc. lifted its holdings in shares of Agrium by 4.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock valued at $212,000 after acquiring an additional 103 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Agrium during the 1st quarter valued at $234,000. Finally, Independence Trust CO acquired a new position in shares of Agrium during the 2nd quarter valued at $271,000. Institutional investors and hedge funds own 66.42% of the company’s stock.
Agrium Inc. (NYSE:AGU) opened at 97.16 on Wednesday. The firm has a 50-day moving average of $98.54 and a 200-day moving average of $95.02. Agrium Inc. has a one year low of $87.78 and a one year high of $111.88. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 23.44 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Thursday, September 28th. Agrium’s dividend payout ratio is currently 84.34%.
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AGU has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a $107.00 target price (down previously from $114.00) on shares of Agrium in a report on Monday, July 10th. Royal Bank Of Canada set a $110.00 target price on shares of Agrium and gave the company a “buy” rating in a report on Thursday, August 3rd. Cowen and Company set a $99.00 target price on shares of Agrium and gave the company a “buy” rating in a report on Friday, July 28th. Vertical Research upgraded shares of Agrium from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Finally, TD Securities lifted their target price on shares of Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Agrium 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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