Agrium Inc. (AGU) Stake Lowered by Global Thematic Partners LLC
Global Thematic Partners LLC cut its stake in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 95.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,752 shares of the company’s stock after selling 757,700 shares during the period. Global Thematic Partners LLC’s holdings in Agrium were worth $3,151,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Willingdon Wealth Management purchased a new stake in Agrium during the second quarter valued at approximately $1,086,000. Jones Collombin Investment Counsel Inc boosted its stake in Agrium by 17.3% in the second quarter. Jones Collombin Investment Counsel Inc now owns 169,000 shares of the company’s stock valued at $15,285,000 after buying an additional 24,962 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its stake in Agrium by 202.3% in the second quarter. Montrusco Bolton Investments Inc. now owns 1,474,695 shares of the company’s stock valued at $132,730,000 after buying an additional 986,834 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Agrium by 27.5% in the second quarter. Nikko Asset Management Americas Inc. now owns 179,938 shares of the company’s stock valued at $16,083,000 after buying an additional 38,800 shares during the last quarter. Finally, Vigilant Capital Management LLC boosted its stake in Agrium by 2.0% in the second quarter. Vigilant Capital Management LLC now owns 78,555 shares of the company’s stock valued at $7,103,000 after buying an additional 1,530 shares during the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.
Agrium Inc. (NYSE:AGU) traded up 2.70% during midday trading on Wednesday, reaching $100.85. 810,112 shares of the company traded hands. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 19.21 and a beta of 0.93. Agrium Inc. has a 12 month low of $79.94 and a 12 month high of $101.94. The firm’s 50 day moving average price is $93.94 and its 200 day moving average price is $92.30.
Agrium (NYSE:AGU) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.23. Agrium had a return on equity of 11.96% and a net margin of 5.27%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company earned $0.71 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, analysts expect that Agrium Inc. will post $4.83 earnings per share for the current year.
Several brokerages have recently issued reports on AGU. Standpoint Research cut shares of Agrium from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. Sanford C. Bernstein reissued a “buy” rating on shares of Agrium in a research note on Wednesday, August 31st. Credit Suisse Group AG reissued a “buy” rating and set a $91.00 price objective on shares of Agrium in a research note on Thursday, September 1st. RBC Capital Markets reissued an “outperform” rating on shares of Agrium in a research note on Wednesday, August 31st. Finally, Zacks Investment Research raised shares of Agrium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Agrium currently has a consensus rating of “Hold” and a consensus price target of $100.61.
Agrium Company Profile
Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.
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