Stifel Financial Corp lifted its position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,122 shares of the basic materials company’s stock after acquiring an additional 4,981 shares during the quarter. Stifel Financial Corp’s holdings in Agrium were worth $4,078,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. grew its stake in shares of Agrium by 11.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 175 shares during the period. Gilman Hill Asset Management LLC bought a new position in Agrium in the 3rd quarter worth about $201,000. Capital Investment Counsel Inc bought a new position in Agrium in the 3rd quarter worth about $201,000. River Road Asset Management LLC bought a new position in Agrium in the 3rd quarter worth about $206,000. Finally, GW Henssler & Associates Ltd. bought a new position in Agrium in the 3rd quarter worth about $214,000. Institutional investors own 66.98% of the company’s stock.

Several research analysts have commented on the company. OTR Global upgraded Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Cowen raised their target price on Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Stephens assumed coverage on Agrium in a research note on Monday, December 4th. They issued an “overweight” rating and a $131.00 target price for the company. J P Morgan Chase & Co cut their target price on Agrium from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, November 24th. Finally, BMO Capital Markets restated a “hold” rating and issued 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 issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $114.19.

Shares of Agrium Inc. (NYSE:AGU) opened at $110.13 on Monday. Agrium Inc. has a 1-year low of $87.82 and a 1-year high of $113.25. The firm has a market capitalization of $15,216.00, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. 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 (NYSE:AGU) (TSE:AGU) last released its quarterly earnings results 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 net margin of 2.64% and a return on equity of 9.62%. The business had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the business earned ($0.12) EPS. The business’s revenue was up 8.7% on a year-over-year basis. equities research analysts forecast that Agrium Inc. will post 4.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be issued a $0.875 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.18%. Agrium’s payout ratio is currently 134.62%.

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Agrium Company 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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