Agrium Inc. (AGU) Shares Sold by Van ECK Associates Corp
Van ECK Associates Corp reduced its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,479,111 shares of the basic materials company’s stock after selling 7,794 shares during the period. Van ECK Associates Corp owned about 1.07% of Agrium worth $158,575,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of AGU. Cannell Peter B & Co. Inc. boosted its position in Agrium by 5.2% during the 3rd quarter. Cannell Peter B & Co. Inc. now owns 51,370 shares of the basic materials company’s stock worth $5,507,000 after buying an additional 2,530 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Agrium by 12.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,902 shares of the basic materials company’s stock worth $6,619,000 after purchasing an additional 7,016 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in Agrium by 2.5% during the 3rd quarter. Mawer Investment Management Ltd. now owns 392,292 shares of the basic materials company’s stock worth $42,071,000 after purchasing an additional 9,677 shares during the last quarter. Stephens Inc. AR bought a new position in Agrium during the 3rd quarter worth approximately $219,000. Finally, Ameriprise Financial Inc. raised its holdings in Agrium by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 782,048 shares of the basic materials company’s stock worth $83,834,000 after purchasing an additional 5,330 shares during the last quarter. Institutional investors own 68.05% of the company’s stock.
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Shares of Agrium Inc. (AGU) traded up $0.51 during mid-day trading on Thursday, reaching $108.73. 156,400 shares of the company’s stock were exchanged, compared to its average volume of 413,824. The company has a market cap of $14,952.14, a price-to-earnings ratio of 24.99, a PEG ratio of 2.63 and a beta of 0.65. 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 Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $111.88.
Agrium (NYSE:AGU) (TSE:AGU) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.22). The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) EPS. research analysts anticipate that Agrium Inc. will post 4.57 EPS for the current year.
AGU has been the subject of several analyst reports. initiated coverage on shares of Agrium in a report on Wednesday, October 11th. They set a “buy” rating and a $126.50 price target for the company. Royal Bank Of Canada raised their price target on shares of Agrium from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, September 15th. Zacks Investment Research lowered shares of Agrium from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. TD Securities upgraded shares of Agrium from a “hold” rating to a “buy” rating and raised their price target for the stock from $102.00 to $134.00 in a report on Thursday, September 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $123.00 price target on shares of Agrium in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $114.41.
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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