Vigilant Capital Management Lowers stake in Agrium (USA) (AGU)

Agrium (USA) (AGU) : Vigilant Capital Management reduced its stake in Agrium (USA) by 0.99% during the most recent quarter end. The investment management company now holds a total of 77,775 shares of Agrium (USA) which is valued at $6,960,085 after selling 780 shares in Agrium (USA) , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Agrium (USA) makes up approximately 1.25% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in AGU by selling 640 shares or 21.75% in the most recent quarter. The Hedge Fund company now holds 2,303 shares of AGU which is valued at $206,095. Agrium (USA) makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Msi Financial Services Inc reduced its stake in AGU by selling 19 shares or 2.8% in the most recent quarter. The Hedge Fund company now holds 660 shares of AGU which is valued at $58,945.Legal General Group Plc boosted its stake in AGU in the latest quarter, The investment management firm added 3,256 additional shares and now holds a total of 629,890 shares of Agrium (USA) which is valued at $56,318,465. Agrium (USA) makes up approx 0.06% of Legal General Group Plc’s portfolio. Cutler Group Lp added AGU to its portfolio by purchasing 245 company shares during the most recent quarter which is valued at $22,060.Cardinal Capital Management reduced its stake in AGU by selling 439,706 shares or 99.65% in the most recent quarter. The Hedge Fund company now holds 1,550 shares of AGU which is valued at $139,454. Agrium (USA) makes up approx 0.02% of Cardinal Capital Management’s portfolio.

Agrium (USA) opened for trading at $89.87 and hit $90.4232 on the upside on Friday, eventually ending the session at $89.49, with a gain of 0.20% or 0.18 points. The heightened volatility saw the trading volume jump to 1,53,709 shares. Company has a market cap of $12,365 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.

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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