Van ECK Associates Corp increased its holdings in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,486,905 shares of the basic materials company’s stock after purchasing an additional 47,951 shares during the quarter. Van ECK Associates Corp owned approximately 1.08% of Agrium worth $134,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Agrium during the first quarter worth $11,886,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Agrium by 6.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,600 shares of the basic materials company’s stock worth $1,505,000 after purchasing an additional 1,300 shares during the last quarter. NorthCoast Asset Management LLC boosted its holdings in Agrium by 121.5% during the second quarter. NorthCoast Asset Management LLC now owns 37,818 shares of the basic materials company’s stock worth $3,422,000 after purchasing an additional 20,745 shares during the last quarter. Cascade Investment Advisors Inc. boosted its holdings in Agrium by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock worth $1,646,000 after purchasing an additional 85 shares during the last quarter. Finally, Aviva PLC boosted its holdings in Agrium by 1.1% during the second quarter. Aviva PLC now owns 86,904 shares of the basic materials company’s stock worth $7,857,000 after purchasing an additional 960 shares during the last quarter. Institutional investors and hedge funds own 66.41% of the company’s stock.

Shares of Agrium Inc. (AGU) traded down 0.19% during trading on Tuesday, hitting $107.81. 163,112 shares of the stock traded hands. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 26.01 and a beta of 0.62. Agrium Inc. has a 1-year low of $87.78 and a 1-year high of $111.88. The stock has a 50 day moving average price of $99.27 and a 200-day moving average price of $95.26.

The company also recently disclosed 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. This represents a $3.50 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, September 28th. Agrium’s dividend payout ratio is 84.34%.

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A number of brokerages have commented on AGU. OTR Global upgraded shares of Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada set a $110.00 price target on shares of Agrium and gave the company a “buy” rating in a research note on Thursday, August 3rd. Cowen and Company set a $99.00 price target on shares of Agrium and gave the company a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $116.00 price target (up previously from $107.00) on shares of Agrium in a research note on Friday, August 11th. Finally, TD Securities increased their price target on shares of Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $106.36.

Agrium 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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