Aperio Group LLC Has $7.28 Million Holdings in Agrium Inc. (AGU)
Aperio Group LLC raised its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,312 shares of the basic materials company’s stock after buying an additional 8,093 shares during the period. Aperio Group LLC’s holdings in Agrium were worth $7,281,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of AGU. Dimensional Fund Advisors LP boosted its position in Agrium by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 217,269 shares of the basic materials company’s stock valued at $19,661,000 after buying an additional 6,290 shares during the last quarter. Voya Investment Management LLC boosted its position in Agrium by 11.1% in the 2nd quarter. Voya Investment Management LLC now owns 5,887 shares of the basic materials company’s stock valued at $533,000 after buying an additional 589 shares during the last quarter. HighTower Advisors LLC boosted its position in Agrium by 31.4% in the 2nd quarter. HighTower Advisors LLC now owns 3,926 shares of the basic materials company’s stock valued at $357,000 after buying an additional 938 shares during the last quarter. Janus Henderson Group PLC boosted its position in Agrium by 69.0% in the 2nd quarter. Janus Henderson Group PLC now owns 129,024 shares of the basic materials company’s stock valued at $11,673,000 after buying an additional 52,659 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in Agrium in the 2nd quarter valued at about $1,003,000. 66.94% of the stock is owned by institutional investors.
A number of research firms have weighed in on AGU. JPMorgan Chase & Co. decreased their price objective on shares of Agrium from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, November 24th. Royal Bank of Canada reissued a “buy” rating and issued a $115.00 price objective on shares of Agrium in a research report on Wednesday, October 18th. Cowen upped their price objective on shares of Agrium from $109.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. TD Securities reissued a “buy” rating and issued a $134.00 price objective on shares of Agrium in a research report on Friday, November 10th. Finally, Stephens began coverage on shares of Agrium in a research report on Monday, December 4th. They issued an “overweight” rating and a $131.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $113.71.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were paid a $0.875 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.04%. Agrium’s dividend payout ratio (DPR) is presently 89.74%.
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Agrium Inc is a Canada-based global producer and distributor of agricultural products, services and solutions. The Company produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately 11 million tones. Agrium Inc supplies main products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services.
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