Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 53.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 557,162 shares of the company’s stock after buying an additional 194,223 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Agrium were worth $50,483,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its stake in Agrium by 16.6% in the third quarter. Great West Life Assurance Co. Can now owns 1,263,831 shares of the company’s stock worth $114,619,000 after buying an additional 179,751 shares during the period. GHP Investment Advisors Inc. raised its stake in Agrium by 12.4% in the third quarter. GHP Investment Advisors Inc. now owns 7,839 shares of the company’s stock worth $711,000 after buying an additional 865 shares during the period. Hermes Investment Management Ltd. bought a new stake in Agrium during the third quarter worth approximately $684,000. Nwam LLC raised its stake in Agrium by 3.2% in the third quarter. Nwam LLC now owns 2,449 shares of the company’s stock worth $222,000 after buying an additional 75 shares during the period. Finally, CGOV Asset Management bought a new stake in Agrium during the third quarter worth approximately $156,688,000. Hedge funds and other institutional investors own 69.04% of the company’s stock.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

Shares of Agrium Inc. (NYSE:AGU) opened at 105.38 on Friday. The stock has a market capitalization of $14.56 billion, a P/E ratio of 20.07 and a beta of 0.93. Agrium Inc. has a 52 week low of $79.94 and a 52 week high of $109.73. The stock has a 50 day moving average price of $102.13 and a 200 day moving average price of $94.66.

Agrium (NYSE:AGU) last posted its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.23. The business earned $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. Agrium had a return on equity of 11.96% and a net margin of 5.27%. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. On average, equities research analysts expect that Agrium Inc. will post $4.80 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 19th. Investors of record on Friday, December 30th will be paid a $0.875 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.32%. Agrium’s payout ratio is presently 66.41%.

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A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Agrium from a “sell” rating to a “hold” rating in a research report on Wednesday. Atlantic Securities upgraded Agrium from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Tuesday. Standpoint Research lowered Agrium from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Scotiabank reiterated an “outperform” rating and issued a $100.00 price target on shares of Agrium in a research report on Tuesday, November 8th. Finally, TD Securities reiterated a “hold” rating and issued a $94.00 price target on shares of Agrium in a research report on Sunday, November 6th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $101.72.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

5 Day Chart for NYSE:AGU

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