Tower Research Capital LLC TRC cut its position in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 8.1% in the fourth quarter, HoldingsChannel reports. The firm owned 10,671 shares of the basic materials company’s stock after selling 943 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Agrium were worth $1,543,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gilman Hill Asset Management LLC bought a new position in shares of Agrium during the third quarter worth $201,000. Capital Investment Counsel Inc bought a new position in shares of Agrium during the third quarter worth $201,000. River Road Asset Management LLC bought a new position in shares of Agrium during the third quarter worth $206,000. GW Henssler & Associates Ltd. bought a new position in shares of Agrium during the third quarter worth $214,000. Finally, Stephens Inc. AR bought a new position in shares of Agrium during the third quarter worth $219,000. 66.94% of the stock is owned by hedge funds and other institutional investors.
Agrium Inc. (NYSE:AGU) opened at $115.00 on Friday. 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. The company has a market cap of $15,890.00, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.64.
AGU has been the subject of a number of research reports. TD Securities restated a “buy” rating and set a $134.00 target price on shares of Agrium in a research report on Friday, November 10th. Cowen restated a “buy” rating and set a $109.00 target price on shares of Agrium in a research report on Sunday, November 5th. JPMorgan Chase & Co. dropped 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. Finally, Stephens initiated coverage on shares of Agrium in a research report on Monday, December 4th. They set an “overweight” rating and a $131.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Agrium presently has an average rating of “Buy” and an average target price of $113.71.
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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