Clovis Capital Management Lp Exits Position in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Clovis Capital Management Lp has sold out all of its stake in Agrium (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 51,748 shares of Agrium (USA) which is valued at $4,687,851.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in AGU by selling 17,000 shares or 17.71% in the most recent quarter. The Hedge Fund company now holds 78,973 shares of AGU which is valued at $7,154,164. Agrium (USA) makes up approx 0.03% of Canada Pension Plan Investment Board’s portfolio.Pinebridge Investments reduced its stake in AGU by selling 4,074 shares or 37.17% in the most recent quarter. The Hedge Fund company now holds 6,887 shares of AGU which is valued at $623,893. Agrium (USA) makes up approx 0.03% of Pinebridge Investments’s portfolio.Assetmark Inc boosted its stake in AGU in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 396 shares of Agrium (USA) which is valued at $36,622.Letko Brosseau Associates Inc boosted its stake in AGU in the latest quarter, The investment management firm added 145,585 additional shares and now holds a total of 1,916,673 shares of Agrium (USA) which is valued at $172,328,069. Agrium (USA) makes up approx 1.58% of Letko Brosseau Associates Inc’s portfolio. Pyrrho Capital Management Lp sold out all of its stake in AGU during the most recent quarter. The investment firm sold 15,000 shares of AGU which is valued $1,384,650.

Agrium (USA) opened for trading at $92.2 and hit $93 on the upside on Tuesday, eventually ending the session at $92.14, with a gain of 0.94% or 0.86 points. The heightened volatility saw the trading volume jump to 3,43,124 shares. Company has a market cap of $12,731 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.

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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