Somerset Trust Co Has $1.69 Million Stake in Agrium Inc. (AGU)
Somerset Trust Co lifted its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,721 shares of the basic materials company’s stock after purchasing an additional 3,473 shares during the quarter. Somerset Trust Co’s holdings in Agrium were worth $1,693,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. lifted its position in Agrium by 11.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 175 shares in the last quarter. Gilman Hill Asset Management LLC bought a new position in Agrium in the 3rd quarter valued at approximately $201,000. Capital Investment Counsel Inc bought a new position in Agrium in the 3rd quarter valued at approximately $201,000. River Road Asset Management LLC bought a new position in Agrium in the 3rd quarter valued at approximately $206,000. Finally, GW Henssler & Associates Ltd. bought a new position in Agrium in the 3rd quarter valued at approximately $214,000. 66.94% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Cowen upped their price objective on Agrium from $109.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Stephens assumed coverage on Agrium in a research report on Monday, December 4th. They issued an “overweight” rating and a $131.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, November 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Agrium in a research report on Friday, October 6th. Finally, TD Securities reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Agrium in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $113.71.
Shares of Agrium Inc. (NYSE:AGU) traded up $0.41 on Wednesday, reaching $115.00. 833,800 shares of the company’s stock were exchanged, compared to its average volume of 407,078. The stock has a market cap of $15,890.00, a price-to-earnings ratio of 29.49, a PEG ratio of 2.18 and a beta of 0.64. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.29. Agrium Inc. has a 1-year low of $87.82 and a 1-year high of $117.28.
Agrium (NYSE:AGU) (TSE:AGU) last announced its earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.22). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. Agrium’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. research analysts expect that Agrium Inc. will post 4.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.875 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.04%. Agrium’s dividend payout ratio is presently 89.74%.
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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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