ING Groep NV Takes $484,000 Position in Agrium Inc. (AGU)

ING Groep NV bought a new position in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,213 shares of the basic materials company’s stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors have also modified their holdings of AGU. Gilman Hill Asset Management LLC acquired a new stake in shares of Agrium during the 3rd quarter worth about $201,000. Capital Investment Counsel Inc acquired a new stake in shares of Agrium during the 3rd quarter worth about $201,000. River Road Asset Management LLC acquired a new stake in shares of Agrium during the 3rd quarter worth about $206,000. GW Henssler & Associates Ltd. acquired a new stake in shares of Agrium during the 3rd quarter worth about $214,000. Finally, Stephens Inc. AR acquired a new stake in shares of Agrium during the 3rd quarter worth about $219,000. 66.94% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on AGU shares. TD Securities reissued a “buy” rating and set a $134.00 target price on shares of Agrium in a research report on Friday, November 10th. JPMorgan Chase & Co. cut their price target on Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, November 24th. Stephens assumed coverage on Agrium in a research report on Monday, December 4th. They set an “overweight” rating and a $131.00 price target on the stock. Finally, Cowen reaffirmed a “buy” rating and set a $109.00 price target on shares of Agrium in a research report on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $113.71.

Agrium Inc. (NYSE AGU) opened at $115.00 on Friday. The company has a market capitalization of $15,890.00, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.64. Agrium Inc. has a 12-month low of $87.82 and a 12-month high of $117.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.29.

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Agrium Company Profile

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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Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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