Agrium Inc. (AGU) Shares Bought by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. increased its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,314 shares of the basic materials company’s stock after buying an additional 499 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Agrium were worth $1,368,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Agrium by 53.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 557,162 shares of the basic materials company’s stock valued at $50,483,000 after buying an additional 194,223 shares during the period. World Asset Management Inc increased its stake in shares of Agrium by 8.1% in the third quarter. World Asset Management Inc now owns 9,238 shares of the basic materials company’s stock worth $838,000 after buying an additional 690 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of 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 worth $19,519,000 after buying an additional 77,700 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of 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 worth $28,735,000 after buying an additional 50,600 shares during the last quarter. Finally, Willingdon Wealth Management increased its stake in shares of Agrium by 22.8% in the third quarter. Willingdon Wealth Management now owns 14,752 shares of the basic materials company’s stock worth $1,338,000 after buying an additional 2,738 shares during the last quarter. 70.13% of the stock is owned by hedge funds and other institutional investors.

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. The company’s stock had a trading volume of 654,432 shares. Agrium Inc. has a 12-month low of $87.62 and a 12-month high of $111.88. The company has a 50-day moving average price of $92.39 and a 200-day moving average price of $98.21. The firm has a market cap of $12.78 billion, a PE ratio of 22.05 and a beta of 0.83.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.875 per share. The ex-dividend date is Wednesday, June 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.78%. Agrium’s dividend payout ratio is presently 81.21%.

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AGU has been the subject of a number of research analyst reports. Credit Suisse Group AG reaffirmed a “hold” rating and set a $91.00 price target on shares of Agrium in a research report on Friday, April 21st. Vertical Research raised Agrium from a “hold” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada increased their price target on Agrium from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, February 13th. Sanford C. Bernstein initiated coverage on Agrium in a research report on Monday, March 6th. They set an “outperform” rating and a $119.00 price target for the company. Finally, Cowen and Company raised Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 price target for the company in a research report on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target 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.

12 Month Chart for NYSE:AGU

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