Mawer Investment Management Ltd. lifted its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,292 shares of the basic materials company’s stock after buying an additional 9,677 shares during the period. Mawer Investment Management Ltd. owned approximately 0.28% of Agrium worth $42,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Parsec Financial Management Inc. boosted its stake in shares of Agrium by 0.6% in the third quarter. Parsec Financial Management Inc. now owns 140,851 shares of the basic materials company’s stock valued at $15,101,000 after buying an additional 886 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Agrium by 6.4% during the second 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 in the last quarter. Honeywell International Inc. raised its position in Agrium by 50.7% during the third quarter. Honeywell International Inc. now owns 193,600 shares of the basic materials company’s stock valued at $20,756,000 after purchasing an additional 65,100 shares in the last quarter. NorthCoast Asset Management LLC raised its position in Agrium by 121.5% during the second 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 in the last quarter. Finally, Aviva PLC raised its position in Agrium by 1.1% during the second 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 in the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

Several brokerages have commented on AGU. TD Securities restated a “buy” rating and set a $134.00 price objective on shares of Agrium in a research report on Friday, November 10th. Cowen and Company restated a “buy” rating and set a $109.00 price objective on shares of Agrium in a research report on Sunday, November 5th. Royal Bank Of Canada restated a “buy” rating and set a $115.00 price objective on shares of Agrium in a research report on Wednesday, October 18th. Stifel Nicolaus restated a “buy” rating and set a $123.00 price objective on shares of Agrium in a research report on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of Agrium from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five 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 “Buy” and an average target price of $113.41.

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Shares of Agrium Inc. (AGU) traded up $1.46 during trading on Wednesday, hitting $108.22. 203,900 shares of the company traded hands, compared to its average volume of 414,968. The company has a current ratio of 1.29, a quick ratio of 0.78 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 company has a market capitalization of $14,940.00, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.60 and a beta of 0.65.

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

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.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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