Geode Capital Management LLC raised its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,071 shares of the basic materials company’s stock after buying an additional 3,941 shares during the period. Geode Capital Management LLC’s holdings in Agrium were worth $6,365,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Agrium by 24.5% in the first quarter. Bank of Montreal Can now owns 4,019,852 shares of the basic materials company’s stock worth $384,097,000 after buying an additional 791,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Agrium by 91.9% in the first quarter. Bank of New York Mellon Corp now owns 548,168 shares of the basic materials company’s stock worth $52,376,000 after buying an additional 262,478 shares during the last quarter. FMR LLC increased its stake in shares of Agrium by 7.8% in the first quarter. FMR LLC now owns 2,919,193 shares of the basic materials company’s stock worth $278,606,000 after buying an additional 212,287 shares during the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Agrium by 4.7% in the first quarter. Beutel Goodman & Co Ltd. now owns 4,495,128 shares of the basic materials company’s stock worth $428,284,000 after buying an additional 200,460 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Agrium by 15.0% in the first quarter. Van ECK Associates Corp now owns 1,438,954 shares of the basic materials company’s stock worth $137,492,000 after buying an additional 188,199 shares during the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Shares of Agrium Inc. (NYSE AGU) traded up 0.64% during trading on Tuesday, reaching $99.47. 64,873 shares of the company traded hands. Agrium Inc. has a 12-month low of $87.75 and a 12-month high of $111.88. The stock has a market capitalization of $13.74 billion, a P/E ratio of 23.71 and a beta of 0.62. The firm’s 50 day moving average is $95.34 and its 200-day moving average is $96.17.

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A number of analysts have weighed in on AGU shares. Scotiabank upgraded Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $110.00 price target on shares of Agrium in a report on Thursday, June 29th. AltaCorp Capital reiterated a “sector perform” rating on shares of Agrium in a report on Thursday, June 22nd. Citigroup Inc. decreased their price target on Agrium from $104.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Finally, Vertical Research upgraded Agrium from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $103.00.

Agrium Company Profile

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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