Scotia Capital Inc. Acquires 36,550 Shares of Agrium Inc. (AGU)

Scotia Capital Inc. boosted its holdings in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 10.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,158 shares of the basic materials company’s stock after buying an additional 36,550 shares during the period. Scotia Capital Inc. owned about 0.28% of Agrium worth $34,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of Nova Scotia boosted its stake in Agrium by 10.7% during the second quarter. Bank of Nova Scotia now owns 762,339 shares of the basic materials company’s stock worth $69,101,000 after buying an additional 73,748 shares in the last quarter. Colonial Trust Advisors boosted its stake in Agrium by 77.2% during the second quarter. Colonial Trust Advisors now owns 20,089 shares of the basic materials company’s stock worth $1,818,000 after buying an additional 8,750 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Agrium by 69.0% during the second quarter. Janus Henderson Group PLC now owns 129,024 shares of the basic materials company’s stock worth $11,673,000 after buying an additional 52,659 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in Agrium by 48.3% during the second quarter. Black Creek Investment Management Inc. now owns 454,831 shares of the basic materials company’s stock worth $41,161,000 after buying an additional 148,224 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Agrium by 1.5% during the second quarter. Royal Bank of Canada now owns 7,370,940 shares of the basic materials company’s stock worth $666,995,000 after buying an additional 112,157 shares in the last quarter. Hedge funds and other institutional investors own 66.41% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Scotia Capital Inc. Acquires 36,550 Shares of Agrium Inc. (AGU)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/scotia-capital-inc-acquires-36550-shares-of-agrium-inc-agu.html.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and set a $100.00 price target on shares of Agrium in a research note on Friday. TD Securities upgraded shares of Agrium from a “hold” rating to a “buy” rating and lifted their price target for the stock from $102.00 to $134.00 in a research note on Thursday, September 28th. Royal Bank Of Canada lifted their price target on shares of Agrium from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. OTR Global upgraded shares of Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $116.00 price target (up previously from $107.00) on shares of Agrium in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Agrium presently has an average rating of “Hold” and a consensus target price of $109.27.

Shares of Agrium Inc. (AGU) traded down 0.29% on Tuesday, hitting $105.72. The company’s stock had a trading volume of 48,256 shares. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 25.51 and a beta of 0.62. The stock’s 50-day moving average price is $102.82 and its 200-day moving average price is $96.49. Agrium Inc. has a 52 week low of $87.78 and a 52 week high of $111.88.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of Nova Scotia boosted its stake in Agrium by 10.7% during the second quarter. Bank of Nova Scotia now owns 762,339 shares of the basic materials company’s stock worth $69,101,000 after buying an additional 73,748 shares in the last quarter. Colonial Trust Advisors boosted its stake in Agrium by 77.2% during the second quarter. Colonial Trust Advisors now owns 20,089 shares of the basic materials company’s stock worth $1,818,000 after buying an additional 8,750 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Agrium by 69.0% during the second quarter. Janus Henderson Group PLC now owns 129,024 shares of the basic materials company’s stock worth $11,673,000 after buying an additional 52,659 shares in the last quarter. Black Creek Investment Management Inc. boosted its stake in Agrium by 48.3% during the second quarter. Black Creek Investment Management Inc. now owns 454,831 shares of the basic materials company’s stock worth $41,161,000 after buying an additional 148,224 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Agrium by 1.5% during the second quarter. Royal Bank of Canada now owns 7,370,940 shares of the basic materials company’s stock worth $666,995,000 after buying an additional 112,157 shares in the last quarter. Hedge funds and other institutional investors own 66.41% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Scotia Capital Inc. Acquires 36,550 Shares of Agrium Inc. (AGU)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/scotia-capital-inc-acquires-36550-shares-of-agrium-inc-agu.html.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and set a $100.00 price target on shares of Agrium in a research note on Friday. TD Securities upgraded shares of Agrium from a “hold” rating to a “buy” rating and lifted their price target for the stock from $102.00 to $134.00 in a research note on Thursday, September 28th. Royal Bank Of Canada lifted their price target on shares of Agrium from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. OTR Global upgraded shares of Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $116.00 price target (up previously from $107.00) on shares of Agrium in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Agrium presently has an average rating of “Hold” and a consensus target price of $109.27.

Shares of Agrium Inc. (AGU) traded down 0.29% on Tuesday, hitting $105.72. The company’s stock had a trading volume of 48,256 shares. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 25.51 and a beta of 0.62. The stock’s 50-day moving average price is $102.82 and its 200-day moving average price is $96.49. Agrium Inc. has a 52 week low of $87.78 and a 52 week high of $111.88.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 28th. Agrium’s dividend payout ratio (DPR) is currently 84.34%.

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.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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