Agrium (USA) (AGU) : Verity Asset Management added new position in Agrium (USA) during the most recent quarter end. The investment management firm now holds 8,153 shares of Agrium (USA) which is valued at $738,580 , the company said in a statement filed on Aug 12, 2016 with the SEC.Agrium (USA) makes up approximately 0.71% of Verity Asset Management’s portfolio.
Other Hedge Funds, Including , Van Eck Associates Corp boosted its stake in AGU in the latest quarter, The investment management firm added 8,689 additional shares and now holds a total of 1,433,000 shares of Agrium (USA) which is valued at $129,815,470. Agrium (USA) makes up approx 0.60% of Van Eck Associates Corp’s portfolio.Fort Washington Investment Advisors Inc Oh boosted its stake in AGU in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 729,206 shares of Agrium (USA) which is valued at $66,058,772. Agrium (USA) makes up approx 1.20% of Fort Washington Investment Advisors Inc Oh’s portfolio.First Interstate Bank reduced its stake in AGU by selling 2,400 shares or 45.28% in the most recent quarter. The Hedge Fund company now holds 2,900 shares of AGU which is valued at $268,192. Agrium (USA) makes up approx 0.05% of First Interstate Bank’s portfolio. Financial Architects Inc sold out all of its stake in AGU during the most recent quarter. The investment firm sold 200 shares of AGU which is valued $18,462.1st Global Advisors boosted its stake in AGU in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 2,691 shares of Agrium (USA) which is valued at $248,621. Agrium (USA) makes up approx 0.03% of 1st Global Advisors’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.