Wellesley Investment Partners buys $702,472 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Wellesley Investment Partners scooped up 529 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 8,122 shares of Agrium (USA) which is valued at $702,472.Agrium (USA) makes up approximately 0.42% of Wellesley Investment Partners’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. Lmr Partners Llp sold out all of its stake in AGU during the most recent quarter. The investment firm sold 17,427 shares of AGU which is valued $1.5 Million. Nisa Investment Advisors L.l.c. added AGU to its portfolio by purchasing 206 company shares during the most recent quarter which is valued at $17,741. Candriam Luxembourg S.c.a. added AGU to its portfolio by purchasing 5,686 company shares during the most recent quarter which is valued at $489,678. Agrium (USA) makes up approx 0.01% of Candriam Luxembourg S.c.a.’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.

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