Crossmark Global Holdings Inc. lowered its holdings in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,554 shares of the basic materials company’s stock after selling 596 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Agrium were worth $1,559,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parsec Financial Management Inc. raised its position in shares of Agrium by 0.6% during the third quarter. Parsec Financial Management Inc. now owns 140,851 shares of the basic materials company’s stock worth $15,101,000 after purchasing an additional 886 shares during the period. Honeywell International Inc. raised its position in shares of Agrium by 50.7% during the third quarter. Honeywell International Inc. now owns 193,600 shares of the basic materials company’s stock worth $20,756,000 after purchasing an additional 65,100 shares during the period. Bank of Nova Scotia Trust Co. raised its position in shares of Agrium by 1.3% during the third quarter. Bank of Nova Scotia Trust Co. now owns 109,377 shares of the basic materials company’s stock worth $11,726,000 after purchasing an additional 1,435 shares during the period. Somerset Trust Co raised its position in shares of Agrium by 30.9% during the fourth quarter. Somerset Trust Co now owns 14,721 shares of the basic materials company’s stock worth $1,693,000 after purchasing an additional 3,473 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Agrium by 27.9% during the third quarter. Janney Montgomery Scott LLC now owns 28,245 shares of the basic materials company’s stock worth $3,028,000 after purchasing an additional 6,166 shares during the period. 66.94% of the stock is currently owned by institutional investors.
Agrium Inc. (NYSE AGU) opened at $115.00 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $15,890.00, a PE ratio of 29.49, a P/E/G ratio of 2.18 and a beta of 0.64. Agrium Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $117.28.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were issued a dividend of $0.875 per share. The ex-dividend date 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 presently 89.74%.
AGU has been the topic of a number of research analyst reports. 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. Cowen reaffirmed a “buy” rating and set a $109.00 price target on shares of Agrium in a research report on Sunday, November 5th. TD Securities reiterated a “buy” rating and set a $134.00 price objective on shares of Agrium in a report on Friday, November 10th. JPMorgan Chase & Co. decreased their price objective on Agrium from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, November 24th. Finally, Stephens started coverage on Agrium in a report on Monday, December 4th. They set an “overweight” rating and a $131.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Agrium currently has a consensus rating of “Buy” and an average price target of $113.71.
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Agrium Company Profile
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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