Bank of Montreal Can Sells 299,363 Shares of Nutrien Ltd. (NYSE:NTR)

Bank of Montreal Can cut its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,857,124 shares of the company's stock after selling 299,363 shares during the period. Bank of Montreal Can owned about 2.82% of Nutrien worth $619,252,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NTR. Fairway Wealth LLC acquired a new position in Nutrien in the fourth quarter worth approximately $27,000. HHM Wealth Advisors LLC grew its position in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Assetmark Inc. increased its stake in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc bought a new position in shares of Nutrien during the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Performance

NTR traded up $2.73 on Friday, hitting $51.05. 2,557,390 shares of the stock traded hands, compared to its average volume of 2,069,438. The business has a fifty day moving average price of $50.74 and a two-hundred day moving average price of $49.13. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $24.96 billion, a PE ratio of 37.26, a P/E/G ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87.

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Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio is 159.12%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTR shares. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research report on Wednesday. Piper Sandler increased their price objective on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Wells Fargo & Company boosted their target price on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. CIBC increased their price target on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their price objective on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutrien currently has an average rating of "Moderate Buy" and an average target price of $60.00.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.