Addenda Capital Inc. Grows Stake in Agrium Inc. (AGU)

Addenda Capital Inc. lifted its holdings in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,233 shares of the basic materials company’s stock after acquiring an additional 4,430 shares during the quarter. Addenda Capital Inc.’s holdings in Agrium were worth $5,260,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. increased its stake in shares of Agrium by 11.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 175 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in shares of Agrium in the third quarter worth $201,000. Capital Investment Counsel Inc acquired a new stake in shares of Agrium in the third quarter worth $201,000. River Road Asset Management LLC acquired a new stake in shares of Agrium in the third quarter worth $206,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Agrium in the third quarter worth $214,000. Hedge funds and other institutional investors own 66.94% of the company’s stock.

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.29. The firm has a market cap of $15,890.00, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.64. Agrium Inc. has a 1-year low of $87.82 and a 1-year high of $117.28.

Agrium (NYSE:AGU) (TSE:AGU) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.22). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.12) earnings per share. analysts predict that Agrium Inc. will post 4.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Thursday, December 28th. Agrium’s payout ratio is 89.74%.

Several analysts recently commented on AGU shares. Royal Bank of Canada raised their price target on shares of Agrium from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. TD Securities upgraded shares of Agrium from a “hold” rating to a “buy” rating and raised their price target for the company from $102.00 to $134.00 in a research report on Thursday, September 28th. BMO Capital Markets restated a “hold” rating and set a $100.00 price target on shares of Agrium in a research report on Friday, October 6th. started coverage on shares of Agrium in a research report on Wednesday, October 11th. They set a “buy” rating and a $126.50 price target on the stock. Finally, Zacks Investment Research lowered shares of Agrium from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $113.71.

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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.

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Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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