Agrium Inc. (AGU) Shares Bought by Jarislowsky Fraser Ltd
Jarislowsky Fraser Ltd lifted its holdings in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 218.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,762 shares of the basic materials company’s stock after acquiring an additional 7,386 shares during the period. Jarislowsky Fraser Ltd’s holdings in Agrium were worth $1,150,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Probity Advisors Inc. grew its stake in shares of Agrium by 0.4% during the second quarter. Probity Advisors Inc. now owns 9,799 shares of the basic materials company’s stock worth $887,000 after acquiring an additional 41 shares during the last quarter. Verity Asset Management Inc. boosted its position in Agrium by 0.9% in the second quarter. Verity Asset Management Inc. now owns 5,630 shares of the basic materials company’s stock valued at $509,000 after buying an additional 48 shares during the last quarter. Afam Capital Inc. boosted its position in Agrium by 0.7% in the second quarter. Afam Capital Inc. now owns 17,981 shares of the basic materials company’s stock valued at $1,627,000 after buying an additional 119 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Agrium by 11.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock valued at $155,000 after buying an additional 175 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Agrium by 9.5% in the first quarter. HighTower Advisors LLC now owns 2,988 shares of the basic materials company’s stock valued at $286,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 67.58% of the company’s stock.
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AGU has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on Agrium from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. OTR Global raised Agrium to a “neutral” rating in a report on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and issued a $109.00 price target on shares of Agrium in a report on Sunday, November 5th. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price target on shares of Agrium in a report on Friday, October 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $123.00 price target on shares of Agrium in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $113.41.
Shares of Agrium Inc. (NYSE AGU) traded down $1.25 during trading hours on Wednesday, reaching $105.38. The company’s stock had a trading volume of 254,300 shares, compared to its average volume of 418,907. The company has a current ratio of 1.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14,570.00, a PE ratio of 24.63, a P/E/G ratio of 2.43 and a beta of 0.65. Agrium Inc. has a 12 month low of $87.82 and a 12 month high of $111.88.
Agrium (NYSE:AGU) (TSE:AGU) last issued its earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.22). The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) earnings per share. analysts predict that Agrium Inc. will post 4.88 EPS for the current year.
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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