Korea Investment CORP cut its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,900 shares of the basic materials company’s stock after selling 823 shares during the period. Korea Investment CORP’s holdings in Agrium were worth $6,688,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Agrium by 138.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock valued at $150,000 after buying an additional 909 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Agrium during the second quarter valued at approximately $156,000. Envestnet Asset Management Inc. increased its position in shares of 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. M&T Bank Corp bought a new position in shares of Agrium during the first quarter valued at approximately $234,000. Finally, Creative Planning increased its position in shares of Agrium by 6.1% in the first quarter. Creative Planning now owns 2,746 shares of the basic materials company’s stock valued at $262,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.

Agrium Inc. (NYSE:AGU) opened at 98.44 on Friday. The stock has a market capitalization of $13.60 billion, a PE ratio of 23.46 and a beta of 0.62. The company’s 50 day moving average price is $96.60 and its 200-day moving average price is $96.13. Agrium Inc. has a one year low of $87.78 and a one year high of $111.88.

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Several research firms have weighed in on AGU. Royal Bank Of Canada set a $110.00 price target on Agrium and gave the company a “buy” rating in a report on Thursday, August 3rd. Citigroup Inc. lowered their price target on Agrium from $104.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Cowen and Company set a $99.00 price target on Agrium and gave the company a “buy” rating in a report on Friday, July 28th. TD Securities set a $99.00 price target on Agrium and gave the company a “hold” rating in a report on Wednesday, May 3rd. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $110.00 price target on shares of Agrium in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the 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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