Dimensional Fund Advisors LP cut its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,979 shares of the basic materials company’s stock after selling 858 shares during the period. Dimensional Fund Advisors LP’s holdings in Agrium were worth $20,159,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AGU. World Asset Management Inc increased its stake in Agrium by 1.0% in the first quarter. World Asset Management Inc now owns 8,607 shares of the basic materials company’s stock valued at $822,000 after buying an additional 86 shares in the last quarter. Jarislowsky Fraser Ltd increased its stake in Agrium by 3.2% in the first quarter. Jarislowsky Fraser Ltd now owns 3,000 shares of the basic materials company’s stock valued at $285,000 after buying an additional 92 shares in the last quarter. Comerica Bank increased its stake in Agrium by 1.2% in the first quarter. Comerica Bank now owns 8,519 shares of the basic materials company’s stock valued at $809,000 after buying an additional 103 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock valued at $212,000 after buying an additional 103 shares in the last quarter. Finally, US Bancorp DE increased its stake in Agrium by 2.7% in the first quarter. US Bancorp DE now owns 4,248 shares of the basic materials company’s stock valued at $406,000 after buying an additional 111 shares in the last quarter. 69.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Agrium Inc. (NYSE:AGU) traded up 0.38% during trading on Friday, reaching $98.81. The company’s stock had a trading volume of 58,977 shares. The firm has a market cap of $13.64 billion, a PE ratio of 23.84 and a beta of 0.62. The stock’s 50 day moving average price is $96.60 and its 200-day moving average price is $96.13. Agrium Inc. has a 12 month low of $87.78 and a 12 month high of $111.88.

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Several analysts have issued reports on the company. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Agrium in a research note on Tuesday, May 2nd. TD Securities lifted their price target on Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Thursday. Citigroup Inc. dropped their price target on Agrium from $104.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. Cowen and Company set a $99.00 price target on Agrium and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded Agrium from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Agrium has an average rating of “Hold” and an average price target of $103.21.

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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