Beutel Goodman Co Ltd. buys $358,460,605 stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Beutel Goodman Co Ltd. scooped up 28,975 additional shares in Agrium (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 4,009,178 shares of Agrium (USA) which is valued at $358,460,605.Agrium (USA) makes up approximately 3.44% of Beutel Goodman Co Ltd.’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in AGU by selling 46 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 3,370 shares of AGU which is valued at $301,312. Cutler Group Lp added AGU to its portfolio by purchasing 245 company shares during the most recent quarter which is valued at $22,060.Dynamic Advisors Solutions boosted its stake in AGU in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 38,545 shares of Agrium (USA) which is valued at $3,470,592. Agrium (USA) makes up approx 1.33% of Dynamic Advisors Solutions’s portfolio. Simplex Trading added AGU to its portfolio by purchasing 10,936 company shares during the most recent quarter which is valued at $979,100. Agrium (USA) makes up approx 0.13% of Simplex Trading’s portfolio.

Agrium (USA) closed down -0.63 points or -0.70% at $89.41 with 3,67,262 shares getting traded on Tuesday. Post opening the session at $89.81, the shares hit an intraday low of $89.15 and an intraday high of $90.07 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Upgraded by CLSA to ” Outperform” on Sep 13, 2016. Agrium (USA) was Downgraded by BofA/Merrill to ” Underperform” on Sep 13, 2016. Agrium (USA) was Upgraded by CLSA to ” Underperform” on Aug 5, 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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