SignalPoint Asset Management LLC increased its stake in Agrium Inc. (NYSE:AGU) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 5,712 shares of the company’s stock after buying an additional 367 shares during the period. SignalPoint Asset Management LLC’s holdings in Agrium were worth $516,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Huntington Asset Advisors Inc. acquired a new position in Agrium during the first quarter valued at $150,000. Huntington National Bank boosted its position in Agrium by 0.4% in the second quarter. Huntington National Bank now owns 1,773 shares of the company’s stock valued at $160,000 after buying an additional 7 shares in the last quarter. 1st Global Advisors Inc. boosted its position in Agrium by 4.0% in the second quarter. 1st Global Advisors Inc. now owns 2,691 shares of the company’s stock valued at $243,000 after buying an additional 103 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Agrium by 9.2% in the first quarter. Jones Financial Companies Lllp now owns 3,310 shares of the company’s stock valued at $292,000 after buying an additional 279 shares in the last quarter. Finally, Regentatlantic Capital LLC boosted its position in Agrium by 0.3% in the second quarter. Regentatlantic Capital LLC now owns 5,702 shares of the company’s stock valued at $516,000 after buying an additional 15 shares in the last quarter. 69.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Agrium Inc. (NYSE:AGU) traded down 1.31% during trading on Tuesday, reaching $88.76. The company had a trading volume of 857,086 shares. The company has a market capitalization of $12.26 billion, a PE ratio of 14.27 and a beta of 1.17. The stock’s 50-day moving average price is $92.11 and its 200-day moving average price is $90.49. Agrium Inc. has a 52 week low of $79.94 and a 52 week high of $100.24.
Agrium (NYSE:AGU) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.08 by $0.10. The business earned $6.42 billion during the quarter, compared to analyst estimates of $6.67 billion. Agrium had a return on equity of 14.22% and a net margin of 6.18%. The company’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $4.90 EPS. On average, equities analysts expect that Agrium Inc. will post $5.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.875 per share. The ex-dividend date is Wednesday, September 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.94%. Agrium’s payout ratio is currently 55.73%.
A number of research firms recently commented on AGU. TheStreet upgraded Agrium from a “hold” rating to a “buy” rating in a research report on Thursday, June 16th. Zacks Investment Research upgraded Agrium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Citigroup Inc. upped their price objective on Agrium from $91.00 to $93.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. AltaCorp Capital cut Agrium from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 21st. Finally, Scotiabank reiterated a “sector outperform” rating and set a $100.00 price objective on shares of Agrium in a research report on Saturday, June 11th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.53.
Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.
Want to see what other hedge funds are holding AGU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agrium Inc. (NYSE:AGU).
Receive News & Ratings for Agrium Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agrium Inc. and related companies with MarketBeat.com's FREE daily email newsletter.