Todd Asset Management buys $17,623,727 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Todd Asset Management scooped up 36,526 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 195,385 shares of Agrium (USA) which is valued at $17,623,727.Agrium (USA) makes up approximately 0.54% of Todd Asset Management’s portfolio.

Other Hedge Funds, Including , Minneapolis Portfolio Management Group reduced its stake in AGU by selling 11,236 shares or 4.68% in the most recent quarter. The Hedge Fund company now holds 228,793 shares of AGU which is valued at $20,637,129. Agrium (USA) makes up approx 3.54% of Minneapolis Portfolio Management Group’s portfolio.Highstreet Asset Management reduced its stake in AGU by selling 144 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 31,914 shares of AGU which is valued at $2,948,534. Agrium (USA) makes up approx 1.01% of Highstreet Asset Management’s portfolio.First Manhattan Co reduced its stake in AGU by selling 992 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 286,223 shares of AGU which is valued at $27,626,244. Agrium (USA) makes up approx 0.17% of First Manhattan Co’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in AGU in the latest quarter, The investment management firm added 2,066 additional shares and now holds a total of 55,845 shares of Agrium (USA) which is valued at $5,186,325. Agrium (USA) makes up approx 0.05% of Nn Investment Partners Holdings N.v.’s portfolio.

Agrium (USA) closed down -0.8 points or -0.89% at $89.4 with 11,15,563 shares getting traded on Thursday. Post opening the session at $88.83, the shares hit an intraday low of $87.75 and an intraday high of $89.6 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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