Grandfield & Dodd LLC held its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the basic materials company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Agrium were worth $1,538,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of AGU. Point72 Asset Management L.P. acquired a new position in Agrium during the first quarter valued at $11,886,000. Van ECK Associates Corp raised its position in Agrium by 15.0% in the first quarter. Van ECK Associates Corp now owns 1,438,954 shares of the basic materials company’s stock valued at $137,492,000 after buying an additional 188,199 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in Agrium by 28.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 93,200 shares of the basic materials company’s stock valued at $8,870,000 after buying an additional 20,800 shares during the last quarter. CORDA Investment Management LLC. acquired a new position in Agrium during the first quarter valued at $14,792,000. Finally, CGOV Asset Management raised its position in Agrium by 3.8% in the first quarter. CGOV Asset Management now owns 1,345,642 shares of the basic materials company’s stock valued at $170,789,000 after buying an additional 48,860 shares during the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.
Shares of Agrium Inc. (NYSE:AGU) traded down 0.08% during mid-day trading on Friday, hitting $98.36. 336,360 shares of the stock were exchanged. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 23.73 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 company’s 50-day moving average is $96.77 and its 200-day moving average is $96.09.
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 given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, September 28th. Agrium’s dividend payout ratio (DPR) is currently 84.34%.
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Several research firms recently issued reports on AGU. Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 price target (up previously from $107.00) on shares of Agrium in a research note on Friday. TD Securities boosted their target price on shares of Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday. Royal Bank Of Canada set a $110.00 target price on shares of Agrium and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Cowen and Company set a $99.00 target price on shares of Agrium and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Scotiabank raised shares of Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $103.86.
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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