Tradewinds Global Investors buys $51.3 Million stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Tradewinds Global Investors scooped up 91,026 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 592,582 shares of Agrium (USA) which is valued at $51.3 Million.Agrium (USA) makes up approximately 3.18% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Shufro Rose Co reduced its stake in AGU by selling 1,144 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 82,481 shares of AGU which is valued at $7.1 Million. Agrium (USA) makes up approx 0.81% of Shufro Rose Co’s portfolio.Blackrock Fund Advisors boosted its stake in AGU in the latest quarter, The investment management firm added 9,877 additional shares and now holds a total of 13,413 shares of Agrium (USA) which is valued at $1.2 Million.Schroder Investment Management Group boosted its stake in AGU in the latest quarter, The investment management firm added 4,612 additional shares and now holds a total of 7,790 shares of Agrium (USA) which is valued at $673,757.Teachers Advisors Inc reduced its stake in AGU by selling 55,781 shares or 99.84% in the most recent quarter. The Hedge Fund company now holds 88 shares of AGU which is valued at $7,427.Trust Investment Advisors reduced its stake in AGU by selling 318 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 12,942 shares of AGU which is valued at $1.1 Million. Agrium (USA) makes up approx 1.26% of Trust Investment Advisors’s portfolio.

Agrium (USA) opened for trading at $86.68 and hit $89.89 on the upside on Monday, eventually ending the session at $89.52, with a gain of 3.50% or 3.03 points. The heightened volatility saw the trading volume jump to 7,94,425 shares. Company has a market cap of $12,369 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 May 3, 2016, Agrium (USA) announced a cash dividend of $0.8750. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 21, 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.

Leave a Reply

Agrium (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Agrium (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.