Agrium INC (AGU) Shares Declined While Baring Asset Management LTD Decreased Position by $4.57 Million

June 20, 2017 - By Clifton Ray

Baring Asset Management Ltd decreased its stake in Agrium Inc (AGU) by 16.75% based on its latest 2016Q4 regulatory filing with the SEC. Baring Asset Management Ltd sold 45,656 shares as the company’s stock declined 10.74% while stock markets rallied. The institutional investor held 226,851 shares of the agricultural chemicals company at the end of 2016Q4, valued at $22.81 million, down from 272,507 at the end of the previous reported quarter. Baring Asset Management Ltd who had been investing in Agrium Inc for a number of months, seems to be less bullish one the $12.69B market cap company. The stock declined 1.60% or $1.5 reaching $92.12 per share. About 62,024 shares traded. Agrium Inc. (USA) (NYSE:AGU) has risen 5.50% since June 20, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.

Baring Asset Management Ltd, which manages about $1.46 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 38,895 shares to 92,264 shares, valued at $10.62M in 2016Q4, according to the filing. It also increased its holding in Ishares Russell 2000 Growth Et (IWO) by 56,860 shares in the quarter, for a total of 430,876 shares, and has risen its stake in Tal Education Grp (NYSE:XRS).

Analysts await Agrium Inc. (USA) (NYSE:AGU) to report earnings on August, 9 after the close. They expect $4.47 earnings per share, up 9.29 % or $0.38 from last year’s $4.09 per share. AGU’s profit will be $615.77 million for 5.15 P/E if the $4.47 EPS becomes a reality. After $-0.03 actual earnings per share reported by Agrium Inc. (USA) for the previous quarter, Wall Street now forecasts -15,000.00 % EPS growth.

More notable recent Agrium Inc. (USA) (NYSE:AGU) news were published by: Fool.ca which released: “Agrium Inc. Just Lost its Biggest Competitive Advantage” on September 20, 2016, also Fool.ca with their article: “Are Potash Corporation of Saskatchewan Inc. and Agrium Inc. About to Merge?” published on August 30, 2016, Fool.ca published: “3 Things You Must Know About Agrium Inc./Potash Corporation of Saskatchewan …” on September 15, 2016. More interesting news about Agrium Inc. (USA) (NYSE:AGU) were released by: Investorplace.com and their article: “Bear of the Day: Agrium Inc. (USA) (AGU)” published on August 15, 2016 as well as Fool.ca‘s news article titled: “Agrium Inc. Is Now 33% More Expensive Than Normal: Is it Time to Sell?” with publication date: June 21, 2016.

Agrium Inc. (USA) (NYSE:AGU) Ratings Coverage

Among 21 analysts covering Agrium Inc. (NYSE:AGU), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Agrium Inc. had 52 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, August 11 report. The stock has “Underperform” rating by CLSA on Friday, August 5. The firm has “Positive” rating given on Tuesday, January 26 by Susquehanna. The rating was upgraded by Stifel Nicolaus to “Hold” on Tuesday, May 31. The firm has “Hold” rating by Standpoint Research given on Monday, November 21. Barclays Capital maintained Agrium Inc. (USA) (NYSE:AGU) on Thursday, August 18 with “Overweight” rating. The rating was upgraded by Zacks to “Hold” on Tuesday, September 22. The firm has “Buy” rating by Canaccord Genuity given on Friday, August 7. Barclays Capital maintained Agrium Inc. (USA) (NYSE:AGU) on Tuesday, January 12 with “Overweight” rating. The stock of Agrium Inc. (USA) (NYSE:AGU) earned “Market Perform” rating by Cowen & Co on Monday, December 21.

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