Weatherly Asset Management L. P. buys $1,470,419 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Weatherly Asset Management L. P. scooped up 60 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 17,082 shares of Agrium (USA) which is valued at $1,470,419.Agrium (USA) makes up approximately 0.50% of Weatherly Asset Management L. P.’s portfolio.

Agrium (USA) opened for trading at $85.88 and hit $86.59 on the upside on Wednesday, eventually ending the session at $86.2, with a gain of 0.47% or 0.4 points. The heightened volatility saw the trading volume jump to 7,88,914 shares. Company has a market cap of $11,910 M.

Other Hedge Funds, Including , Montrusco Bolton Investments boosted its stake in AGU in the latest quarter, The investment management firm added 423,903 additional shares and now holds a total of 487,861 shares of Agrium (USA) which is valued at $41,995,075. Agrium (USA) makes up approx 3.29% of Montrusco Bolton Investments’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in AGU in the latest quarter, The investment management firm added 2,510 additional shares and now holds a total of 38,755 shares of Agrium (USA) which is valued at $3,242,631. Agrium (USA) makes up approx 1.38% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

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). Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 100 from a previous price target of $105 .

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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