Swiss National Bank cut its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 738,143 shares of the company’s stock after selling 4,400 shares during the period. Swiss National Bank’s holdings in Agrium were worth $66,886,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AGU. Renaissance Technologies LLC raised its stake in Agrium by 1,938.8% in the first quarter. Renaissance Technologies LLC now owns 184,900 shares of the company’s stock valued at $16,328,000 after buying an additional 175,831 shares during the period. Cardinal Capital Management Inc. raised its stake in Agrium by 0.4% in the second quarter. Cardinal Capital Management Inc. now owns 441,256 shares of the company’s stock valued at $39,650,000 after buying an additional 1,555 shares during the period. Raymond James Trust N.A. raised its stake in Agrium by 1.4% in the second quarter. Raymond James Trust N.A. now owns 14,373 shares of the company’s stock valued at $1,300,000 after buying an additional 203 shares during the period. NN Investment Partners Holdings N.V. raised its stake in Agrium by 3.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 55,845 shares of the company’s stock valued at $5,051,000 after buying an additional 2,066 shares during the period. Finally, Gradient Investments LLC raised its stake in Agrium by 17.8% in the second quarter. Gradient Investments LLC now owns 46,496 shares of the company’s stock valued at $4,204,000 after buying an additional 7,038 shares during the period. Institutional investors own 69.77% of the company’s stock.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

Agrium Inc. (NYSE:AGU) opened at 98.20 on Wednesday. The stock has a 50 day moving average of $93.71 and a 200 day moving average of $92.22. Agrium Inc. has a 12 month low of $79.94 and a 12 month high of $101.06. The firm has a market capitalization of $13.57 billion, a PE ratio of 18.70 and a beta of 0.93.

Agrium (NYSE:AGU) last issued its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.23. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.40 billion. Agrium had a return on equity of 11.96% and a net margin of 5.27%. Agrium’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities analysts predict that Agrium Inc. will post $4.83 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on AGU shares. TD Securities reiterated a “hold” rating and issued a $94.00 target price on shares of Agrium in a report on Thursday, August 4th. upgraded shares of Agrium from a “sell” rating to an “underperform” rating in a report on Friday, August 5th. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Agrium in a report on Friday, August 5th. AltaCorp Capital upgraded shares of Agrium from a “sector perform” rating to an “outperform” rating in a report on Friday, August 5th. Finally, Citigroup Inc. raised their price objective on shares of Agrium from $91.00 to $93.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Agrium presently has an average rating of “Hold” and an average price target of $100.61.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

5 Day Chart for NYSE:AGU

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