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

Agrium (USA) (AGU) : Tradewinds Global Investors reduced its stake in Agrium (USA) by 94.9% during the most recent quarter end. The investment management company now holds a total of 29,842 shares of Agrium (USA) which is valued at $2,928,395 after selling 554,788 shares in Agrium (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Agrium (USA) makes up approximately 3.53% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management added AGU to its portfolio by purchasing 18,040 company shares during the most recent quarter which is valued at $1,770,265. Agrium (USA) makes up approx 0.17% of Shelton Capital Management’s portfolio.Mirae Asset Global Investments Ltd. boosted its stake in AGU in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 6,630 shares of Agrium (USA) which is valued at $648,746. Agrium (USA) makes up approx 0.01% of Mirae Asset Global Investments Ltd.’s portfolio.Epoch Investment Partners boosted its stake in AGU in the latest quarter, The investment management firm added 25,320 additional shares and now holds a total of 1,240,251 shares of Agrium (USA) which is valued at $121,358,560. Agrium (USA) makes up approx 0.46% of Epoch Investment Partners’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in AGU by selling 693 shares or 51.14% in the most recent quarter. The Hedge Fund company now holds 662 shares of AGU which is valued at $61,314. Teacher Retirement System Of Texas sold out all of its stake in AGU during the most recent quarter. The investment firm sold 90,900 shares of AGU which is valued $8,136,459.

Agrium (USA) opened for trading at $97.29 and hit $98.52 on the upside on Monday, eventually ending the session at $98.4, with a gain of 0.57% or 0.56 points. The heightened volatility saw the trading volume jump to 6,89,952 shares. Company has a market cap of $13,596 M.

On the company’s financial health, Agrium (USA) reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.13. The company had revenue of $2245.00 million for the quarter, compared to analysts expectations of $2382.47 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Agrium (USA). Agrium (USA) was Downgraded by Credit Suisse to ” Neutral” on Nov 4, 2016. Agrium (USA) was Upgraded by CLSA to ” Outperform” on Sep 13, 2016. Agrium (USA) was Downgraded by BofA/Merrill to ” Underperform” on Sep 13, 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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