Swiss National Bank Increases Position in Agrium Inc. (AGU)

Swiss National Bank increased its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 0.2% in the 4th quarter, HoldingsChannel reports. The fund owned 533,943 shares of the basic materials company’s stock after buying an additional 800 shares during the quarter. Swiss National Bank’s holdings in Agrium were worth $61,463,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. ING Groep NV purchased a new position in Agrium in the fourth quarter worth $484,000. Harvey Capital Management Inc. grew its position in Agrium by 9.1% in the fourth quarter. Harvey Capital Management Inc. now owns 23,695 shares of the basic materials company’s stock worth $2,724,000 after acquiring an additional 1,985 shares in the last quarter. CI Global Investments Inc. purchased a new position in Agrium in the fourth quarter worth $9,382,000. Aperio Group LLC grew its position in Agrium by 14.7% in the fourth quarter. Aperio Group LLC now owns 63,312 shares of the basic materials company’s stock worth $7,281,000 after acquiring an additional 8,093 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Agrium in the fourth quarter worth $598,000. Institutional investors own 66.94% of the company’s stock.

Shares of Agrium Inc. (NYSE:AGU) opened at $115.00 on Thursday. 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. The stock has a market cap of $15,890.00, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.64.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were given a dividend of $0.875 per share. The ex-dividend date was Thursday, December 28th. This represents a $3.50 annualized dividend and a yield of 3.04%. Agrium’s payout ratio is 89.74%.

Several research analysts recently issued reports on the stock. TD Securities reiterated a “buy” rating and issued a $134.00 target price on shares of Agrium in a research report on Friday, November 10th. Cowen upped their target price on shares of Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $115.00 target price on shares of Agrium in a research report on Wednesday, October 18th. Stephens assumed coverage on shares of Agrium in a research report on Monday, December 4th. They issued an “overweight” rating and a $131.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $113.71.

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About Agrium

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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