APG Asset Management N.V. Continues to Hold Stake in Agrium Inc. (NYSE:AGU)

APG Asset Management N.V. maintained its position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,711 shares of the basic materials company’s stock at the end of the second quarter. APG Asset Management N.V. owned 0.19% of Agrium worth $30,171,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of AGU. Cascade Investment Advisors Inc. increased its position in shares of Agrium by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 85 shares during the last quarter. World Asset Management Inc increased its position in shares of Agrium by 1.0% in the first quarter. World Asset Management Inc now owns 8,607 shares of the basic materials company’s stock worth $822,000 after buying an additional 86 shares during the last quarter. Jarislowsky Fraser Ltd boosted its stake in shares of Agrium by 3.2% in the first quarter. Jarislowsky Fraser Ltd now owns 3,000 shares of the basic materials company’s stock worth $285,000 after buying an additional 92 shares during the period. Comerica Bank boosted its stake in shares of Agrium by 1.2% in the first quarter. Comerica Bank now owns 8,519 shares of the basic materials company’s stock worth $809,000 after buying an additional 103 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake 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 worth $212,000 after buying an additional 103 shares during the period. Hedge funds and other institutional investors own 69.03% of the company’s stock.

Agrium Inc. (NYSE AGU) traded up 0.16% on Tuesday, reaching $99.00. 535,035 shares of the company traded hands. The company has a 50-day moving average price of $95.94 and a 200-day moving average price of $96.26. Agrium Inc. has a 12 month low of $87.78 and a 12 month high of $111.88. The company has a market capitalization of $13.68 billion, a P/E ratio of 23.59 and a beta of 0.62.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by [[site]] and is owned by of [[site]]. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at [[permalink]].

A number of brokerages recently weighed in on AGU. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Agrium in a research report on Tuesday, May 2nd. Citigroup Inc. reduced their price target on shares of Agrium from $104.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, May 9th. Cowen and Company set a $99.00 price target on shares of Agrium and gave the company a “buy” rating in a research report on Friday, July 28th. TD Securities set a $99.00 price target on shares of Agrium and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $107.00 price target (down from $114.00) on shares of Agrium in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $103.00.

About Agrium

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.