Cubist Systematic Strategies LLC decreased its holdings in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 35.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,552 shares of the basic materials company’s stock after selling 1,430 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Agrium were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Colonial Trust Advisors lifted its holdings in shares of Agrium by 77.2% during the 2nd quarter. Colonial Trust Advisors now owns 20,089 shares of the basic materials company’s stock valued at $1,818,000 after acquiring an additional 8,750 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Agrium by 69.0% during the 2nd quarter. Janus Henderson Group PLC now owns 129,024 shares of the basic materials company’s stock valued at $11,673,000 after acquiring an additional 52,659 shares in the last quarter. Black Creek Investment Management Inc. lifted its holdings in shares of Agrium by 48.3% during the 2nd quarter. Black Creek Investment Management Inc. now owns 454,831 shares of the basic materials company’s stock valued at $41,161,000 after acquiring an additional 148,224 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Agrium by 1.5% during the 2nd quarter. Royal Bank of Canada now owns 7,370,940 shares of the basic materials company’s stock valued at $666,995,000 after acquiring an additional 112,157 shares in the last quarter. Finally, L & S Advisors Inc acquired a new position in shares of Agrium during the 2nd quarter valued at $835,000. Institutional investors and hedge funds own 65.85% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Friday, September 29th were issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, September 28th. Agrium’s dividend payout ratio (DPR) is presently 84.34%.
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Several equities analysts recently weighed in on AGU shares. Scotiabank upgraded shares of Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Monday, July 10th. Royal Bank Of Canada lifted their target price on shares of Agrium from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, September 15th. OTR Global upgraded shares of Agrium to a “neutral” rating in a report on Tuesday, September 12th. BMO Capital Markets restated a “hold” rating and set a $100.00 target price on shares of Agrium in a report on Friday, October 6th. Finally, Cowen and Company set a $99.00 target price on shares of Agrium and gave the company a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $112.50.
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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