Dimensional Fund Advisors LP raised its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 223,875 shares of the basic materials company’s stock after buying an additional 6,606 shares during the period. Dimensional Fund Advisors LP owned about 0.16% of Agrium worth $24,002,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGU. Gilman Hill Asset Management LLC acquired a new stake in shares of Agrium during the 3rd quarter valued at about $201,000. Capital Investment Counsel Inc acquired a new stake in Agrium in the 3rd quarter worth about $201,000. River Road Asset Management LLC acquired a new stake in Agrium in the 3rd quarter worth about $206,000. GW Henssler & Associates Ltd. acquired a new stake in Agrium in the 3rd quarter worth about $214,000. Finally, Stephens Inc. AR acquired a new stake in Agrium in the 3rd quarter worth about $219,000. Institutional investors and hedge funds own 66.94% of the company’s stock.
Agrium Inc. (NYSE AGU) remained flat at $$115.00 during midday trading on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.29 and a quick ratio of 0.78. Agrium Inc. has a 1 year low of $87.82 and a 1 year high of $117.28. The firm has a market capitalization of $15,890.00, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.18 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were issued a $0.875 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.04%. Agrium’s payout ratio is 89.74%.
AGU has been the topic of several recent research reports. Cowen restated a “buy” rating and set a $109.00 target price on shares of Agrium in a report on Sunday, November 5th. JPMorgan Chase & Co. lowered their target price on Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, November 24th. Stephens initiated coverage on shares of Agrium in a research report on Monday, December 4th. They set an “overweight” rating and a $131.00 price target on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $115.00 price target on shares of Agrium in a research report on Wednesday, October 18th. Finally, TD Securities reissued a “buy” rating and issued a $134.00 target price on shares of Agrium in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Agrium has a consensus rating of “Buy” and an average target price of $113.71.
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Agrium Inc is a Canada-based global producer and distributor of agricultural products, services and solutions. The Company produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately 11 million tones. Agrium Inc supplies main products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services.
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