Deutsche Bank AG increased its holdings in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 770,890 shares of the basic materials company’s stock after purchasing an additional 25,484 shares during the period. Deutsche Bank AG owned 0.56% of Agrium worth $88,649,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of AGU. First Eagle Investment Management LLC raised its holdings in shares of Agrium by 3,083.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 2,399,091 shares of the basic materials company’s stock worth $257,207,000 after acquiring an additional 2,323,737 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Agrium by 63.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,027,335 shares of the basic materials company’s stock worth $118,144,000 after acquiring an additional 399,821 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Agrium during the 4th quarter worth approximately $44,338,000. Mackenzie Financial Corp raised its holdings in shares of Agrium by 53.5% during the 4th quarter. Mackenzie Financial Corp now owns 1,077,868 shares of the basic materials company’s stock worth $123,955,000 after acquiring an additional 375,575 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Agrium during the 4th quarter worth approximately $47,134,000. 66.94% of the stock is currently owned by institutional investors.
AGU has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, November 24th. Cowen upped their price objective on Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Finally, Stephens initiated coverage on Agrium in a report on Monday, December 4th. They set an “overweight” rating and a $131.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Agrium currently has a consensus rating of “Hold” and a consensus price target of $113.23.
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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