CGOV Asset Management raised its holdings in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,440,141 shares of the basic materials company’s stock after purchasing an additional 18,682 shares during the quarter. Agrium accounts for about 7.9% of CGOV Asset Management’s holdings, making the stock its 3rd biggest position. CGOV Asset Management’s holdings in Agrium were worth $208,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Agrium by 1.5% during the second quarter. Royal Bank of Canada now owns 7,370,940 shares of the basic materials company’s stock worth $666,995,000 after purchasing an additional 112,157 shares during the period. Dodge & Cox increased its stake in shares of Agrium by 33.2% during the second quarter. Dodge & Cox now owns 5,644,826 shares of the basic materials company’s stock worth $510,800,000 after purchasing an additional 1,407,700 shares during the period. Vanguard Group Inc. increased its stake in shares of Agrium by 5.0% during the second quarter. Vanguard Group Inc. now owns 3,294,304 shares of the basic materials company’s stock worth $298,101,000 after purchasing an additional 156,575 shares during the period. TD Asset Management Inc. increased its stake in shares of Agrium by 5.7% during the third quarter. TD Asset Management Inc. now owns 2,405,907 shares of the basic materials company’s stock worth $257,271,000 after purchasing an additional 129,309 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Agrium by 3,083.8% during the third quarter. First Eagle Investment Management LLC now owns 2,399,091 shares of the basic materials company’s stock worth $257,207,000 after purchasing an additional 2,323,737 shares during the period. Hedge funds and other institutional investors own 66.94% of the company’s stock.

AGU has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Agrium from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Zacks Investment Research lowered Agrium from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. assumed coverage on Agrium in a research report on Wednesday, October 11th. They set a “buy” rating and a $126.50 price target on the stock. Stifel Nicolaus reissued a “buy” rating and set a $123.00 price target on shares of Agrium in a research report on Thursday, October 12th. Finally, BMO Capital Markets reissued a “hold” rating and set a $100.00 price target on shares of Agrium in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $113.71.

Shares of Agrium Inc. (AGU) traded up $0.41 during trading hours on Thursday, reaching $115.00. The company had a trading volume of 833,800 shares, compared to its average volume of 407,078. The firm has a market capitalization of $15,890.00, a P/E ratio of 29.49, a P/E/G ratio of 2.18 and a beta of 0.64. Agrium Inc. has a 1-year low of $87.82 and a 1-year high of $117.28. The company has a quick ratio of 0.78, a current ratio of 1.29 and a debt-to-equity ratio of 0.70.

Agrium (NYSE:AGU) (TSE:AGU) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.22). The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.29 billion. Agrium had a return on equity of 9.62% and a net margin of 2.64%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.12) EPS. sell-side analysts predict that Agrium Inc. will post 4.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Friday, December 29th will be given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 28th. Agrium’s dividend payout ratio is currently 89.74%.

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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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