Cumberland Partners Ltd Sells 2,430 Shares of Agrium Inc. (AGU)

Cumberland Partners Ltd lowered its position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,512 shares of the basic materials company’s stock after selling 2,430 shares during the period. Agrium makes up approximately 3.2% of Cumberland Partners Ltd’s investment portfolio, making the stock its 9th largest position. Cumberland Partners Ltd’s holdings in Agrium were worth $22,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AGU. AMF Pensionsforsakring AB acquired a new position in Agrium during the first quarter valued at about $6,597,000. ARP Americas LLC raised its position in Agrium by 13.9% in the first quarter. ARP Americas LLC now owns 17,046 shares of the basic materials company’s stock valued at $1,629,000 after buying an additional 2,077 shares during the period. Parsec Financial Management Inc. raised its position in Agrium by 3.5% in the first quarter. Parsec Financial Management Inc. now owns 134,195 shares of the basic materials company’s stock valued at $12,822,000 after buying an additional 4,586 shares during the period. Nikko Asset Management Americas Inc. raised its position in Agrium by 10.3% in the first quarter. Nikko Asset Management Americas Inc. now owns 209,238 shares of the basic materials company’s stock valued at $19,993,000 after buying an additional 19,500 shares during the period. Finally, Korea Investment CORP raised its position in Agrium by 4.8% in the first quarter. Korea Investment CORP now owns 74,723 shares of the basic materials company’s stock valued at $7,111,000 after buying an additional 3,423 shares during the period. 69.03% of the stock is owned by institutional investors and hedge funds.

Shares of Agrium Inc. (NYSE AGU) opened at 98.44 on Friday. Agrium Inc. has a 1-year low of $87.78 and a 1-year high of $111.88. The stock’s 50 day moving average is $96.60 and its 200 day moving average is $96.13. The company has a market capitalization of $13.58 billion, a PE ratio of 23.75 and a beta of 0.62.

COPYRIGHT VIOLATION NOTICE: “Cumberland Partners Ltd Sells 2,430 Shares of Agrium Inc. (AGU)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2017/08/11/cumberland-partners-ltd-sells-2430-shares-of-agrium-inc-agu.html.

Several research analysts recently issued reports on the stock. Royal Bank Of Canada set a $110.00 price target on shares of Agrium and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Citigroup Inc. dropped their price objective on shares of Agrium from $104.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Cowen and Company set a $99.00 price objective on shares of Agrium and gave the stock a “buy” rating in a report on Friday, July 28th. TD Securities set a $99.00 price objective on shares of Agrium and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $110.00 price objective on shares of Agrium in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.21.

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.

Want to see what other hedge funds are holding AGU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agrium Inc. (NYSE:AGU) (TSE:AGU).

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

What are top analysts saying about Agrium Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Agrium Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit