Tradewinds Global Investors Lowers stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Tradewinds Global Investors reduced its stake in Agrium (USA) by 1.34% during the most recent quarter end. The investment management company now holds a total of 584,630 shares of Agrium (USA) which is valued at $52,961,632 after selling 7,952 shares in Agrium (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Agrium (USA) makes up approximately 3.21% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Parsons Capital Management Incri boosted its stake in AGU in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 3,550 shares of Agrium (USA) which is valued at $321,595. Agrium (USA) makes up approx 0.04% of Parsons Capital Management Incri’s portfolio.Ifrah Financial Services reduced its stake in AGU by selling 88 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 3,523 shares of AGU which is valued at $316,753. Agrium (USA) makes up approx 0.12% of Ifrah Financial Services’s portfolio.Ghp Investment Advisors boosted its stake in AGU in the latest quarter, The investment management firm added 916 additional shares and now holds a total of 6,974 shares of Agrium (USA) which is valued at $629,055. Agrium (USA) makes up approx 0.12% of Ghp Investment Advisors’s portfolio. Agf Investments America added AGU to its portfolio by purchasing 12,259 company shares during the most recent quarter which is valued at $1,105,762. Agrium (USA) makes up approx 0.48% of Agf Investments America’s portfolio.Quadrant Capital Group reduced its stake in AGU by selling 87 shares or 82.08% in the most recent quarter. The Hedge Fund company now holds 19 shares of AGU which is valued at $1,724.

Agrium (USA) closed down -0.38 points or -0.42% at $90.61 with 4,17,842 shares getting traded on Friday. Post opening the session at $90.5, the shares hit an intraday low of $89.9564 and an intraday high of $90.87 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Investors should note that on Aug 3, 2016, Agrium (USA) announced a cash dividend of $0.8750. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 2016.

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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