Agrium Inc. (AGU) Position Cut by Verition Fund Management LLC, Report finds

Agrium Inc. (AGU) Position Cut by Verition Fund Management LLC, Report finds

Verition Fund Management LLC cut its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,578 shares of the company’s stock after selling 905 shares during the period. Verition Fund Management LLC’s holdings in Agrium were worth $1,050,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AGU. Wellesley Investment Partners LLC increased its stake in Agrium by 5.1% in the second quarter. Wellesley Investment Partners LLC now owns 8,536 shares of the company’s stock valued at $771,000 after buying an additional 414 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Agrium by 3,483.3% in the second quarter. Neuberger Berman Group LLC now owns 187,443 shares of the company’s stock valued at $16,949,000 after buying an additional 182,212 shares during the last quarter. I.G. Investment Management LTD. increased its stake in Agrium by 6.8% in the second quarter. I.G. Investment Management LTD. now owns 1,120,258 shares of the company’s stock valued at $101,294,000 after buying an additional 70,977 shares during the last quarter. 10 15 Associates Inc. increased its stake in Agrium by 17.0% in the second quarter. 10 15 Associates Inc. now owns 105,097 shares of the company’s stock valued at $9,503,000 after buying an additional 15,290 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Agrium by 1.7% in the second quarter. Cidel Asset Management Inc. now owns 410,915 shares of the company’s stock valued at $36,922,000 after buying an additional 6,797 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.

Agrium Inc. (NYSE:AGU) traded up 0.71% during trading on Wednesday, reaching $105.08. 406,001 shares of the company’s stock traded hands. The firm has a 50 day moving average of $103.35 and a 200 day moving average of $96.24. Agrium Inc. has a 1-year low of $80.30 and a 1-year high of $111.88. The firm has a market capitalization of $14.52 billion, a PE ratio of 20.01 and a beta of 0.83.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Friday, December 30th were paid a dividend of $0.875 per share. The ex-dividend date was Wednesday, December 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.33%. Agrium’s dividend payout ratio is currently 66.41%.

Several equities research analysts have recently commented on AGU shares. RBC Capital Markets reiterated an “outperform” rating and set a $139.00 price objective (up from $125.00) on shares of Agrium in a research note on Wednesday, October 12th. Zacks Investment Research downgraded shares of Agrium from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. Standpoint Research downgraded shares of Agrium from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. TD Securities reiterated a “hold” rating and set a $94.00 price objective on shares of Agrium in a research note on Sunday, November 6th. Finally, Cowen and Company raised shares of Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $101.71.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

Want to see what other hedge funds are holding AGU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agrium Inc. (NYSE:AGU) (TSE:AGU).

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Agrium Inc. (AGU) Position Cut by Verition Fund Management LLC

Agrium Inc. (AGU) Position Cut by Verition Fund Management LLC

Verition Fund Management LLC cut its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,578 shares of the company’s stock after selling 905 shares during the period. Verition Fund Management LLC’s holdings in Agrium were worth $1,050,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AGU. Wellesley Investment Partners LLC increased its stake in Agrium by 5.1% in the second quarter. Wellesley Investment Partners LLC now owns 8,536 shares of the company’s stock valued at $771,000 after buying an additional 414 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Agrium by 3,483.3% in the second quarter. Neuberger Berman Group LLC now owns 187,443 shares of the company’s stock valued at $16,949,000 after buying an additional 182,212 shares during the last quarter. I.G. Investment Management LTD. increased its stake in Agrium by 6.8% in the second quarter. I.G. Investment Management LTD. now owns 1,120,258 shares of the company’s stock valued at $101,294,000 after buying an additional 70,977 shares during the last quarter. 10 15 Associates Inc. increased its stake in Agrium by 17.0% in the second quarter. 10 15 Associates Inc. now owns 105,097 shares of the company’s stock valued at $9,503,000 after buying an additional 15,290 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Agrium by 1.7% in the second quarter. Cidel Asset Management Inc. now owns 410,915 shares of the company’s stock valued at $36,922,000 after buying an additional 6,797 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.

Agrium Inc. (NYSE:AGU) traded up 0.71% during trading on Wednesday, reaching $105.08. 406,001 shares of the company’s stock traded hands. The firm has a 50 day moving average of $103.35 and a 200 day moving average of $96.24. Agrium Inc. has a 1-year low of $80.30 and a 1-year high of $111.88. The firm has a market capitalization of $14.52 billion, a PE ratio of 20.01 and a beta of 0.83.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Friday, December 30th were paid a dividend of $0.875 per share. The ex-dividend date was Wednesday, December 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.33%. Agrium’s dividend payout ratio is currently 66.41%.

Several equities research analysts have recently commented on AGU shares. RBC Capital Markets reiterated an “outperform” rating and set a $139.00 price objective (up from $125.00) on shares of Agrium in a research note on Wednesday, October 12th. Zacks Investment Research downgraded shares of Agrium from a “hold” rating to a “sell” rating in a research note on Wednesday, January 4th. Standpoint Research downgraded shares of Agrium from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. TD Securities reiterated a “hold” rating and set a $94.00 price objective on shares of Agrium in a research note on Sunday, November 6th. Finally, Cowen and Company raised shares of Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $101.71.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

Want to see what other hedge funds are holding AGU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agrium Inc. (NYSE:AGU) (TSE:AGU).

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