CANADA LIFE ASSURANCE Co Buys 21,451 Shares of Nutrien Ltd. (NYSE:NTR)

CANADA LIFE ASSURANCE Co grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 297,113 shares of the company's stock after buying an additional 21,451 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.06% of Nutrien worth $13,254,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its stake in shares of Nutrien by 12.2% in the fourth quarter. Evergreen Capital Management LLC now owns 205,551 shares of the company's stock valued at $9,309,000 after purchasing an additional 22,401 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Nutrien by 33.3% during the 4th quarter. Gabelli Funds LLC now owns 52,090 shares of the company's stock worth $2,331,000 after acquiring an additional 13,000 shares during the period. Dodge & Cox boosted its position in shares of Nutrien by 0.3% during the 4th quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock valued at $560,416,000 after acquiring an additional 40,800 shares in the last quarter. Rossby Financial LCC bought a new stake in Nutrien in the fourth quarter valued at about $387,000. Finally, Promethos Capital LLC raised its position in Nutrien by 0.8% in the fourth quarter. Promethos Capital LLC now owns 146,168 shares of the company's stock worth $6,541,000 after purchasing an additional 1,100 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NTR. Oppenheimer lowered their price target on Nutrien from $60.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday. CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Finally, UBS Group reduced their target price on Nutrien from $54.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Nutrien presently has an average rating of "Moderate Buy" and an average price target of $59.27.

Nutrien Trading Up 0.6 %

NYSE:NTR traded up $0.34 during mid-day trading on Friday, hitting $54.02. The company had a trading volume of 1,695,031 shares, compared to its average volume of 2,092,475. The firm has a market cap of $26.40 billion, a P/E ratio of 39.43, a P/E/G ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The business's fifty day moving average is $51.07 and its two-hundred day moving average is $49.36. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during 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%. As a group, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's payout ratio is presently 159.12%.

About Nutrien

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.