Agrium Inc. (AGU) Position Decreased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 399,433 shares of the basic materials company’s stock after selling 1,125 shares during the period. Mawer Investment Management Ltd.’s holdings in Agrium were worth $66,697,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AGU. World Asset Management Inc raised its stake in Agrium by 8.1% in the third quarter. World Asset Management Inc now owns 9,238 shares of the basic materials company’s stock valued at $838,000 after buying an additional 690 shares in the last quarter. State of Wisconsin Investment Board raised its stake in Agrium by 56.2% in the third quarter. State of Wisconsin Investment Board now owns 215,844 shares of the basic materials company’s stock valued at $19,519,000 after buying an additional 77,700 shares in the last quarter. APG Asset Management N.V. raised its stake in Agrium by 26.5% in the third quarter. APG Asset Management N.V. now owns 241,773 shares of the basic materials company’s stock valued at $28,735,000 after buying an additional 50,600 shares in the last quarter. Willingdon Wealth Management raised its stake in Agrium by 22.8% in the third quarter. Willingdon Wealth Management now owns 14,752 shares of the basic materials company’s stock valued at $1,338,000 after buying an additional 2,738 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in Agrium by 10.4% in the third quarter. Advisor Group Inc. now owns 1,362 shares of the basic materials company’s stock valued at $124,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 70.13% of the company’s stock.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

Agrium Inc. (NYSE:AGU) traded up 4.40% during mid-day trading on Friday, reaching $92.52. 654,432 shares of the company’s stock traded hands. Agrium Inc. has a 52 week low of $87.62 and a 52 week high of $111.88. The stock’s 50 day moving average is $92.39 and its 200-day moving average is $98.21. The stock has a market capitalization of $12.78 billion, a PE ratio of 22.05 and a beta of 0.83.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be issued a $0.875 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $3.50 annualized dividend and a yield of 3.78%. Agrium’s dividend payout ratio (DPR) is 81.21%.

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AGU has been the subject of several recent research reports. Zacks Investment Research lowered shares of Agrium from a “hold” rating to a “sell” rating in a report on Friday, January 20th. Cowen and Company upgraded shares of Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, January 24th. Credit Suisse Group AG boosted their price target on shares of Agrium from $88.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. Royal Bank of Canada boosted their price target on shares of Agrium from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, February 13th. Finally, Scotiabank lowered shares of Agrium from an “outperform” rating to a “sector perform” rating in a report on Monday, February 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $103.85.

About Agrium

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.

5 Day Chart for NYSE:AGU

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