Black Creek Investment Management buys $29,586,694 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Black Creek Investment Management scooped up 30,250 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 326,600 shares of Agrium (USA) which is valued at $29,586,694.Agrium (USA) makes up approximately 2.56% of Black Creek Investment Management’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp added AGU to its portfolio by purchasing 916,925 company shares during the most recent quarter which is valued at $83,064,236. Agrium (USA) makes up approx 0.45% of Mackenzie Financial Corp’s portfolio.Wfg Advisors Lp boosted its stake in AGU in the latest quarter, The investment management firm added 708 additional shares and now holds a total of 768 shares of Agrium (USA) which is valued at $69,573. Agrium (USA) makes up approx 0.02% of Wfg Advisors Lp’s portfolio.Ifrah Financial Services reduced its stake in AGU by selling 88 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 3,523 shares of AGU which is valued at $316,753. Agrium (USA) makes up approx 0.12% of Ifrah Financial Services’s portfolio. Dean Investment Associates added AGU to its portfolio by purchasing 50,035 company shares during the most recent quarter which is valued at $4,513,157. Agrium (USA) makes up approx 0.86% of Dean Investment Associates’s portfolio.Capstone Asset Management Co reduced its stake in AGU by selling 12,564 shares or 43.16% in the most recent quarter. The Hedge Fund company now holds 16,546 shares of AGU which is valued at $1,536,627. Agrium (USA) makes up approx 0.05% of Capstone Asset Management Co’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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