Comerica Bank decreased its holdings in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,199 shares of the basic materials company’s stock after selling 320 shares during the period. Comerica Bank’s holdings in Agrium were worth $819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Agrium by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 3,137,729 shares of the basic materials company’s stock valued at $299,810,000 after purchasing an additional 186,366 shares during the last quarter. FMR LLC increased its stake in shares of Agrium by 7.8% in the 1st quarter. FMR LLC now owns 2,919,193 shares of the basic materials company’s stock valued at $278,606,000 after purchasing an additional 212,287 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Agrium by 4.9% in the 2nd quarter. TD Asset Management Inc. now owns 2,276,598 shares of the basic materials company’s stock valued at $206,028,000 after purchasing an additional 107,154 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Agrium by 7.5% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,511,667 shares of the basic materials company’s stock valued at $144,440,000 after purchasing an additional 105,045 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Agrium by 15.0% in the 1st quarter. Van ECK Associates Corp now owns 1,438,954 shares of the basic materials company’s stock valued at $137,492,000 after purchasing an additional 188,199 shares during the last quarter. Institutional investors own 66.41% of the company’s stock.

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Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Agrium from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. OTR Global upgraded Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Cowen and Company set a $99.00 price target on Agrium and gave the company a “buy” rating in a research note on Friday, July 28th. TD Securities lifted their price target on Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, 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. 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 a consensus rating of “Hold” and a consensus target price of $106.36.

Shares of Agrium Inc. (NYSE AGU) opened at 106.99 on Thursday. Agrium Inc. has a 12 month low of $87.78 and a 12 month high of $111.88. The company’s 50-day moving average price is $99.51 and its 200-day moving average price is $95.35. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 25.81 and a beta of 0.62.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be paid a $0.875 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.27%. Agrium’s dividend payout ratio is presently 84.34%.

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.

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Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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