Tetrem Capital Management Ltd. buys $62,252,542 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Tetrem Capital Management Ltd. scooped up 247,893 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 687,190 shares of Agrium (USA) which is valued at $62,252,542.Agrium (USA) makes up approximately 2.30% of Tetrem Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Verity Asset Management added AGU to its portfolio by purchasing 8,153 company shares during the most recent quarter which is valued at $738,580. Agrium (USA) makes up approx 0.71% of Verity Asset Management’s portfolio.Cidel Asset Management Inc boosted its stake in AGU in the latest quarter, The investment management firm added 6,797 additional shares and now holds a total of 410,915 shares of Agrium (USA) which is valued at $37,064,533. Agrium (USA) makes up approx 2.09% of Cidel Asset Management Inc’s portfolio.Signaturefd boosted its stake in AGU in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 115 shares of Agrium (USA) which is valued at $10,437.Nn Investment Partners Holdings N.v. boosted its stake in AGU in the latest quarter, The investment management firm added 2,066 additional shares and now holds a total of 55,845 shares of Agrium (USA) which is valued at $5,186,325. Agrium (USA) makes up approx 0.05% of Nn Investment Partners Holdings N.v.’s portfolio.

Agrium (USA) opened for trading at $89 and hit $89.92 on the upside on Monday, eventually ending the session at $89.48, with a gain of 0.49% or 0.44 points. The heightened volatility saw the trading volume jump to 2,35,177 shares. Company has a market cap of $12,364 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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