State of Wisconsin Investment Board trimmed its position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 9.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,744 shares of the basic materials company’s stock after selling 16,900 shares during the period. State of Wisconsin Investment Board owned approximately 0.11% of Agrium worth $16,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Agrium by 11.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 175 shares in the last quarter. V Wealth Management LLC bought a new position in Agrium in the 2nd quarter valued at approximately $156,000. Gilman Hill Asset Management LLC bought a new position in Agrium in the 3rd quarter valued at approximately $201,000. D.A. Davidson & CO. raised its holdings in Agrium by 663.0% in the 2nd quarter. D.A. Davidson & CO. now owns 2,991 shares of the basic materials company’s stock valued at $270,000 after buying an additional 2,599 shares during the last quarter. Finally, Independence Trust CO bought a new position in Agrium in the 2nd quarter valued at approximately $271,000. Hedge funds and other institutional investors own 67.58% of the company’s stock.

Several analysts recently issued reports on the stock. OTR Global raised shares of Agrium to a “neutral” rating in a research report on Tuesday, September 12th. Royal Bank Of Canada set a $110.00 price objective on shares of Agrium and gave the stock a “buy” rating in a report on Thursday, August 3rd. Cowen and Company set a $99.00 price objective on shares of Agrium and gave the stock a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 price objective (up from $107.00) on shares of Agrium in a report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $100.00 target price on shares of Agrium in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.41.

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Agrium Inc. (NYSE:AGU) opened at $106.87 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.29 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $14,760.00, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.65. Agrium Inc. has a twelve month low of $87.82 and a twelve month high of $111.88.

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