Agrium Inc. (NYSE:AGU) announced a quarterly dividend on Thursday, August 4th. Investors of record on Friday, September 30th will be given a dividend of 0.875 per share on Thursday, October 20th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, September 28th.

A number of hedge funds have recently made changes to their positions in the stock. APG Asset Management N.V. raised its stake in shares of Agrium by 3.4% in the second quarter. APG Asset Management N.V. now owns 191,173 shares of the company’s stock valued at $22,346,000 after buying an additional 6,240 shares during the period. Raymond James & Associates raised its stake in shares of Agrium by 27.6% in the second quarter. Raymond James & Associates now owns 165,988 shares of the company’s stock valued at $15,009,000 after buying an additional 35,853 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Agrium during the second quarter valued at about $407,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Agrium during the second quarter valued at about $599,000. Finally, Parsons Capital Management Inc. RI raised its stake in shares of Agrium by 39.2% in the second quarter. Parsons Capital Management Inc. RI now owns 3,550 shares of the company’s stock valued at $321,000 after buying an additional 1,000 shares during the period. Institutional investors own 69.38% of the company’s stock.

Several research firms have commented on AGU. Bank of America Corp. lowered shares of Agrium from a “buy” rating to an “underperform” rating and set a $91.00 price objective for the company. in a research note on Tuesday, September 13th. Morgan Stanley reiterated a “hold” rating on shares of Agrium in a research note on Thursday, June 16th. Credit Agricole SA upgraded shares of Agrium from an “underperform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research note on Tuesday, September 13th. BMO Capital Markets lowered shares of Agrium from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded shares of Agrium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Agrium presently has an average rating of “Hold” and a consensus target price of $98.89.

Shares of Agrium (NYSE:AGU) opened at 92.61 on Friday. Agrium has a 52-week low of $79.94 and a 52-week high of $100.24. The stock’s 50 day moving average is $92.17 and its 200 day moving average is $90.38. The stock has a market cap of $12.80 billion, a PE ratio of 14.88 and a beta of 1.33.

Agrium (NYSE:AGU) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.10. Agrium had a net margin of 6.18% and a return on equity of 14.22%. The firm earned $6.42 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same period in the previous year, the company earned $4.90 earnings per share. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts forecast that Agrium will post $5.16 earnings per share for the current year.

Agrium Company Profile

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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