Gabelli Funds LLC raised its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 28.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,900 shares of the basic materials company’s stock after buying an additional 4,900 shares during the period. Gabelli Funds LLC’s holdings in Agrium were worth $2,348,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. increased its stake in Agrium by 11.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock valued at $155,000 after buying an additional 175 shares during the last quarter. V Wealth Management LLC purchased a new stake in shares of Agrium during the 2nd quarter worth approximately $156,000. Gilman Hill Asset Management LLC purchased a new stake in shares of Agrium during the 3rd quarter worth approximately $201,000. D.A. Davidson & CO. increased its stake in shares of Agrium by 663.0% during the 2nd quarter. D.A. Davidson & CO. now owns 2,991 shares of the basic materials company’s stock worth $270,000 after purchasing an additional 2,599 shares during the last quarter. Finally, Independence Trust CO purchased a new stake in shares of Agrium during the 2nd quarter worth approximately $271,000. Hedge funds and other institutional investors own 67.58% of the company’s stock.
Several research firms recently commented on AGU. TD Securities raised their price objective on shares of Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Thursday, August 10th. OTR Global raised shares of Agrium to a “neutral” rating in a report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and issued a $116.00 price target (up from $107.00) on shares of Agrium in a report on Friday, August 11th. Cowen and Company reissued a “buy” rating and issued a $109.00 price target on shares of Agrium in a report on Sunday, November 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $115.00 price target on shares of Agrium in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Agrium presently has a consensus rating of “Buy” and an average price target of $113.41.
Agrium Inc. (NYSE AGU) opened at $106.63 on Tuesday. Agrium Inc. has a 52-week low of $87.82 and a 52-week high of $111.88. The stock has a market cap of $14,765.62, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.43 and a beta of 0.65. 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 (NYSE:AGU) (TSE:AGU) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.22). Agrium had a net margin of 2.64% and a return on equity of 9.62%. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the firm posted ($0.12) EPS. Agrium’s revenue was up 8.7% compared to the same quarter last year. equities research analysts expect that Agrium Inc. will post 4.88 EPS for the current fiscal year.
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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