Cibc Asset Management Inc buys $197,426,152 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Cibc Asset Management Inc scooped up 77,906 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 2,188,760 shares of Agrium (USA) which is valued at $197,426,152.Agrium (USA) makes up approximately 1.45% of Cibc Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Ipswich Investment Management sold out all of its stake in AGU during the most recent quarter. The investment firm sold 1,370 shares of AGU which is valued $123,574.Minneapolis Portfolio Management Group reduced its stake in AGU by selling 11,236 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 228,793 shares of AGU which is valued at $20,637,129. Agrium (USA) makes up approx 3.54% of Minneapolis Portfolio Management Group’s portfolio.Cumberland Partners Ltd boosted its stake in AGU in the latest quarter, The investment management firm added 84,337 additional shares and now holds a total of 288,582 shares of Agrium (USA) which is valued at $26,639,004. Agrium (USA) makes up approx 3.65% of Cumberland Partners Ltd’s portfolio.1st Global Advisors boosted its stake in AGU in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 2,691 shares of Agrium (USA) which is valued at $248,621. Agrium (USA) makes up approx 0.03% of 1st Global Advisors’s portfolio.

Agrium (USA) opened for trading at $90.01 and hit $91.19 on the upside on Monday, eventually ending the session at $91.17, with a gain of 1.40% or 1.26 points. The heightened volatility saw the trading volume jump to 6,38,961 shares. Company has a market cap of $12,597 M.

On the company’s financial health, Agrium (USA) reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $1.38. The company had revenue of $2407.00 million for the quarter, compared to analysts expectations of $2843.27 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Agrium (USA). Agrium (USA) was Upgraded by CLSA to ” Underperform” on Aug 5, 2016. Agrium (USA) was Downgraded by Credit Agricole to ” Sell” on Jun 9, 2016.

Agrium Inc. (Agrium) is a Canada-based producer and marketer of nutrients for agricultural and industrial markets. Agrium is a retailer of agricultural products and services in the United States Canada Australia Argentina Brazil Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company operates through its two business units: Retail and Wholesale. Agrium Wholesale owns 16 production facilities in North and South America across the nitrogen potash and phosphate spectrum; two mines; and a distribution and storage network throughout North America and internationally through Agrium Europe. Agrium Retail operates approximately 1375 retail locations 57 terminals 8 plants and 18 distribution centers in North and South America as well as Australia.

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