Agrium Inc. (AGU) Stake Lowered by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,416 shares of the basic materials company’s stock after selling 1,336 shares during the quarter. Jane Street Group LLC’s holdings in Agrium were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in AGU. Wells Fargo & Company MN increased its position in shares of Agrium by 63.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,027,335 shares of the basic materials company’s stock valued at $118,144,000 after buying an additional 399,821 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Agrium during the fourth quarter valued at about $44,338,000. Mackenzie Financial Corp increased its position in shares of Agrium by 53.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,077,868 shares of the basic materials company’s stock valued at $123,955,000 after buying an additional 375,575 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of Agrium during the fourth quarter valued at about $47,134,000. Finally, Scotia Capital Inc. increased its position in shares of Agrium by 57.3% during the fourth quarter. Scotia Capital Inc. now owns 819,934 shares of the basic materials company’s stock valued at $94,101,000 after buying an additional 298,677 shares during the period. Institutional investors own 66.94% of the company’s stock.

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Separately, Stephens began coverage on shares of Agrium in a research report on Monday, December 4th. They set an “overweight” rating and a $131.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.23.

Shares of AGU opened at $115.00 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.29 and a debt-to-equity ratio of 0.70. Agrium Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $117.28.

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Agrium 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.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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