Agrium Inc. (AGU) Shares Bought by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. raised its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,314 shares of the basic materials company’s stock after buying an additional 499 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Agrium were worth $1,368,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AGU. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Agrium by 53.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 557,162 shares of the basic materials company’s stock worth $50,483,000 after buying an additional 194,223 shares in the last quarter. World Asset Management Inc raised its stake in Agrium by 8.1% in the third quarter. World Asset Management Inc now owns 9,238 shares of the basic materials company’s stock worth $838,000 after buying an additional 690 shares in the last quarter. State of Wisconsin Investment Board raised its stake in Agrium by 56.2% in the third quarter. State of Wisconsin Investment Board now owns 215,844 shares of the basic materials company’s stock worth $19,519,000 after buying an additional 77,700 shares in the last quarter. APG Asset Management N.V. raised its stake in Agrium by 26.5% in the third quarter. APG Asset Management N.V. now owns 241,773 shares of the basic materials company’s stock worth $28,735,000 after buying an additional 50,600 shares in the last quarter. Finally, Willingdon Wealth Management raised its stake in Agrium by 22.8% in the third quarter. Willingdon Wealth Management now owns 14,752 shares of the basic materials company’s stock worth $1,338,000 after buying an additional 2,738 shares in the last quarter. 70.13% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

Shares of Agrium Inc. (NYSE:AGU) traded up 4.40% during midday trading on Friday, reaching $92.52. The company had a trading volume of 654,432 shares. The stock’s 50 day moving average is $92.39 and its 200-day moving average is $98.21. Agrium Inc. has a 12-month low of $87.62 and a 12-month high of $111.88. The stock has a market capitalization of $12.78 billion, a PE ratio of 22.05 and a beta of 0.83.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Friday, June 30th will be issued a $0.875 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $3.50 annualized dividend and a yield of 3.78%. Agrium’s payout ratio is currently 81.21%.

COPYRIGHT VIOLATION NOTICE: “Agrium Inc. (AGU) Shares Bought by Cutter & CO Brokerage Inc.” was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://transcriptdaily.com/2017/05/20/agrium-inc-agu-shares-bought-by-cutter-co-brokerage-inc.html.

A number of equities research analysts have recently commented on AGU shares. Zacks Investment Research lowered Agrium from a “hold” rating to a “sell” rating in a research report on Friday, January 20th. Cowen and Company raised Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 price target on the stock in a research report on Tuesday, January 24th. Credit Suisse Group AG raised their price target on Agrium from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. Royal Bank of Canada raised their price target on Agrium from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, February 13th. Finally, Scotiabank lowered Agrium from an “outperform” rating to a “sector perform” rating in a research report on Monday, February 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $103.85.

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.

12 Month Chart for NYSE:AGU

Receive News & Ratings for Agrium Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agrium Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply