UBS Group AG decreased its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,541 shares of the basic materials company’s stock after selling 8,144 shares during the period. UBS Group AG’s holdings in Agrium were worth $24,990,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock worth $212,000 after buying an additional 103 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Agrium during the first quarter worth about $234,000. Creative Planning boosted its position in shares of Agrium by 6.1% in the first quarter. Creative Planning now owns 2,746 shares of the basic materials company’s stock worth $262,000 after buying an additional 159 shares during the last quarter. Jarislowsky Fraser Ltd boosted its position in shares of Agrium by 3.2% in the first quarter. Jarislowsky Fraser Ltd now owns 3,000 shares of the basic materials company’s stock worth $285,000 after buying an additional 92 shares during the last quarter. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of Agrium during the fourth quarter worth about $308,000. 69.53% of the stock is owned by institutional investors.
Shares of Agrium Inc. (NYSE AGU) traded down 1.62% during midday trading on Tuesday, reaching $92.18. 356,326 shares of the company’s stock traded hands. The firm has a market cap of $12.74 billion, a PE ratio of 21.97 and a beta of 0.67. The company has a 50 day moving average of $92.06 and a 200 day moving average of $97.66. Agrium Inc. has a 52-week low of $87.62 and a 52-week high of $111.88.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, June 28th. Agrium’s dividend payout ratio (DPR) is presently 83.14%.
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AGU has been the topic of a number of recent research reports. Citigroup Inc. reduced their price objective on shares of Agrium from $104.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. BMO Capital Markets reissued a “hold” rating and set a $100.00 price target on shares of Agrium in a research report on Wednesday, April 5th. Credit Suisse Group reissued a “hold” rating and set a $91.00 price target on shares of Agrium in a research report on Friday, April 21st. TD Securities set a $99.00 price target on shares of Agrium and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Finally, Vertical Research raised shares of Agrium from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Agrium has a consensus rating of “Hold” and a consensus price target of $103.92.
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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