Granite Investment Advisors buys $11,138,076 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Granite Investment Advisors scooped up 55,808 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 120,555 shares of Agrium (USA) which is valued at $11,138,076.Agrium (USA) makes up approximately 2.19% of Granite Investment Advisors’s portfolio.

Other Hedge Funds, Including , Nikko Asset Management Americas boosted its stake in AGU in the latest quarter, The investment management firm added 38,800 additional shares and now holds a total of 179,938 shares of Agrium (USA) which is valued at $16,971,752. Agrium (USA) makes up approx 1.57% of Nikko Asset Management Americas’s portfolio.Farmers Merchants Investments Inc reduced its stake in AGU by selling 4 shares or 4.82% in the most recent quarter. The Hedge Fund company now holds 79 shares of AGU which is valued at $7,451.Nisa Investment Advisors boosted its stake in AGU in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 208 shares of Agrium (USA) which is valued at $20,076.Cardinal Capital Management boosted its stake in AGU in the latest quarter, The investment management firm added 1,555 additional shares and now holds a total of 441,256 shares of Agrium (USA) which is valued at $39,382,098. Agrium (USA) makes up approx 4.30% of Cardinal Capital Management’s portfolio.

Agrium (USA) closed down -0.64 points or -0.70% at $90.76 with 4,85,020 shares getting traded on Friday. Post opening the session at $90.89, the shares hit an intraday low of $90.12 and an intraday high of $91.76 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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). 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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