Agf Investments buys $65,626,092 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Agf Investments scooped up 72,100 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 727,562 shares of Agrium (USA) which is valued at $65,626,092.Agrium (USA) makes up approximately 0.72% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth boosted its stake in AGU in the latest quarter, The investment management firm added 1,035 additional shares and now holds a total of 8,043 shares of Agrium (USA) which is valued at $725,479. Agrium (USA) makes up approx 0.03% of Boston Private Wealth’s portfolio. Cutler Group Lp sold out all of its stake in AGU during the most recent quarter. The investment firm sold 824 shares of AGU which is valued $76,525.Benjamin F. Edwards Company reduced its stake in AGU by selling 23 shares or 62.16% in the most recent quarter. The Hedge Fund company now holds 14 shares of AGU which is valued at $1,300.

Agrium (USA) closed down -0.8 points or -0.89% at $89.4 with 11,15,563 shares getting traded on Thursday. Post opening the session at $88.83, the shares hit an intraday low of $87.75 and an intraday high of $89.6 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Many Wall Street Analysts have commented on Agrium (USA). 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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