First Eagle Investment Management LLC boosted its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3,083.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,399,091 shares of the basic materials company’s stock after purchasing an additional 2,323,737 shares during the period. First Eagle Investment Management LLC owned about 1.74% of Agrium worth $257,207,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parsec Financial Management Inc. increased its holdings in Agrium by 0.6% in the 3rd quarter. Parsec Financial Management Inc. now owns 140,851 shares of the basic materials company’s stock valued at $15,101,000 after purchasing an additional 886 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Agrium by 6.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,600 shares of the basic materials company’s stock valued at $1,505,000 after purchasing an additional 1,300 shares during the last quarter. NorthCoast Asset Management LLC increased its holdings in Agrium by 121.5% in the 2nd quarter. NorthCoast Asset Management LLC now owns 37,818 shares of the basic materials company’s stock valued at $3,422,000 after purchasing an additional 20,745 shares during the last quarter. Aviva PLC increased its holdings in Agrium by 1.1% in the 2nd quarter. Aviva PLC now owns 86,904 shares of the basic materials company’s stock valued at $7,857,000 after purchasing an additional 960 shares during the last quarter. Finally, Honeywell International Inc. grew its stake in shares of Agrium by 50.7% in the third quarter. Honeywell International Inc. now owns 193,600 shares of the basic materials company’s stock worth $20,756,000 after acquiring an additional 65,100 shares in the last quarter. Hedge funds and other institutional investors own 67.58% of the company’s stock.

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Shares of Agrium Inc. (NYSE:AGU) traded up $0.38 on Monday, reaching $107.25. 148,016 shares of the company’s stock traded hands, compared to its average volume of 419,552. 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 one year low of $87.82 and a one year high of $111.88. The firm has a market capitalization of $14,820.00, a price-to-earnings ratio of 24.68, a P/E/G ratio of 2.43 and a beta of 0.65.

Agrium (NYSE:AGU) (TSE:AGU) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.22). The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. sell-side analysts predict that Agrium Inc. will post 4.88 EPS for the current fiscal year.

Several research firms have commented on AGU. TD Securities boosted their price target on shares of Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. OTR Global upgraded shares of Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $116.00 target price (up previously from $107.00) on shares of Agrium in a research note on Friday, August 11th. Cowen and Company reiterated a “buy” rating and set a $109.00 target price on shares of Agrium in a research note on Sunday, November 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $115.00 target price on shares of Agrium in a research note on Wednesday, October 18th. One investment 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 currently has an average rating of “Buy” and a consensus price target of $113.41.

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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