Virtu Financial LLC lowered its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 51.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,733 shares of the basic materials company’s stock after selling 2,900 shares during the period. Virtu Financial LLC’s holdings in Agrium were worth $293,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGU. First Eagle Investment Management LLC grew its stake in Agrium by 3,083.8% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,399,091 shares of the basic materials company’s stock valued at $257,207,000 after buying an additional 2,323,737 shares during the last quarter. Dodge & Cox grew its position in shares of Agrium by 33.2% during the 2nd quarter. Dodge & Cox now owns 5,644,826 shares of the basic materials company’s stock worth $510,800,000 after purchasing an additional 1,407,700 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Agrium by 47.0% during the 2nd quarter. Lazard Asset Management LLC now owns 855,774 shares of the basic materials company’s stock worth $77,438,000 after purchasing an additional 273,485 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Agrium by 18.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,653,534 shares of the basic materials company’s stock worth $176,900,000 after purchasing an additional 258,672 shares in the last quarter. Finally, Lincluden Management Ltd. grew its position in shares of Agrium by 68.0% during the 3rd quarter. Lincluden Management Ltd. now owns 596,947 shares of the basic materials company’s stock worth $64,003,000 after purchasing an additional 241,690 shares in the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.

Shares of Agrium Inc. (NYSE AGU) opened at $111.90 on Thursday. Agrium Inc. has a twelve month low of $87.82 and a twelve month high of $113.25. The company has a current ratio of 1.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The firm has a market cap of $15,326.57, a P/E ratio of 25.62, a PEG ratio of 2.70 and a beta of 0.64.

Agrium (NYSE:AGU) (TSE:AGU) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company posted ($0.12) EPS. The business’s revenue was up 8.7% on a year-over-year basis. research analysts forecast that Agrium Inc. will post 4.57 earnings per share for the current year.

A number of research analysts have issued reports on the stock. Stephens assumed coverage on shares of Agrium in a research report on Monday, December 4th. They set an “overweight” rating and a $131.00 target price on the stock. J P Morgan Chase & Co decreased their target price on shares of Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, November 24th. Cowen increased their target price on shares of Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. TD Securities restated a “buy” rating and set a $134.00 target price on shares of Agrium in a research report on Friday, November 10th. Finally, Royal Bank of Canada restated a “buy” rating and set a $115.00 target price on shares of Agrium in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Agrium currently has a consensus rating of “Buy” and an average target price of $114.19.

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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.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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