Agrium Inc. (AGU) Shares Bought by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. raised its stake in shares of Agrium Inc. (NYSE:AGU) by 57.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,981 shares of the company’s stock after buying an additional 3,295 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Agrium were worth $808,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of AGU. Huntington Asset Advisors Inc. acquired a new stake in shares of Agrium during the first quarter valued at approximately $150,000. 1st Global Advisors Inc. increased its position in Agrium by 4.0% in the second quarter. 1st Global Advisors Inc. now owns 2,691 shares of the company’s stock worth $243,000 after buying an additional 103 shares during the period. Jones Financial Companies Lllp increased its position in Agrium by 9.2% in the first quarter. Jones Financial Companies Lllp now owns 3,310 shares of the company’s stock worth $292,000 after buying an additional 279 shares during the period. Regentatlantic Capital LLC increased its position in Agrium by 0.3% in the second quarter. Regentatlantic Capital LLC now owns 5,702 shares of the company’s stock worth $516,000 after buying an additional 15 shares during the period. Finally, BB&T Securities LLC increased its position in Agrium by 102.6% in the first quarter. BB&T Securities LLC now owns 6,529 shares of the company’s stock worth $576,000 after buying an additional 3,306 shares during the period. Institutional investors and hedge funds own 69.38% of the company’s stock.
Agrium Inc. (NYSE:AGU) traded down 0.60% on Friday, reaching $89.53. The company had a trading volume of 601,829 shares. The company’s 50-day moving average price is $91.84 and its 200 day moving average price is $90.44. The firm has a market capitalization of $12.37 billion, a P/E ratio of 14.39 and a beta of 1.17. Agrium Inc. has a 1-year low of $79.94 and a 1-year high of $100.24.
Agrium (NYSE:AGU) last posted its earnings results on Wednesday, August 3rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.67 billion. During the same period in the prior year, the company posted $4.90 EPS. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts forecast that Agrium Inc. will post $5.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Wednesday, September 28th. Agrium’s payout ratio is currently 55.73%.
A number of equities analysts have recently issued reports on the company. Bank of America Corp. downgraded Agrium from a “buy” rating to an “underperform” rating and set a $91.00 price target on the stock. in a research note on Tuesday, September 13th. Morgan Stanley restated a “hold” rating on shares of Agrium in a research note on Thursday, June 16th. Credit Agricole SA upgraded Agrium from an “underperform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Tuesday, September 13th. BMO Capital Markets downgraded Agrium from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Agrium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.53.
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.
Want to see what other hedge funds are holding AGU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agrium Inc. (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.