Whv Investments Lowers stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Whv Investments reduced its stake in Agrium (USA) by 4.04% during the most recent quarter end. The investment management company now holds a total of 67,811 shares of Agrium (USA) which is valued at $5.9 Million after selling 2,854 shares in Agrium (USA) , the firm said in a disclosure report filed with the SEC on May 11, 2016.Agrium (USA) makes up approximately 3.21% of Whv Investments’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp reduced its stake in AGU by selling 8,166 shares or 63.54% in the most recent quarter. The Hedge Fund company now holds 4,685 shares of AGU which is valued at $405,206. Agrium (USA) makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio. Checchi Capital Advisers added AGU to its portfolio by purchasing 387 company shares during the most recent quarter which is valued at $32,663. Agrium (USA) makes up approx 0.01% of Checchi Capital Advisers’s portfolio.Granite Investment Advisors boosted its stake in AGU in the latest quarter, The investment management firm added 30,395 additional shares and now holds a total of 64,747 shares of Agrium (USA) which is valued at $5.6 Million. Agrium (USA) makes up approx 1.11% of Granite 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.

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