Fiera Capital Corp grew its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,019,553 shares of the company's stock after buying an additional 130,460 shares during the quarter. Fiera Capital Corp owned approximately 0.21% of Nutrien worth $49,057,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NTR. Easterly Investment Partners LLC acquired a new position in shares of Nutrien during the 3rd quarter valued at about $5,717,000. Harvest Portfolios Group Inc. boosted its position in Nutrien by 20.3% in the third quarter. Harvest Portfolios Group Inc. now owns 56,012 shares of the company's stock valued at $2,692,000 after buying an additional 9,444 shares in the last quarter. CORDA Investment Management LLC. increased its stake in shares of Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company's stock valued at $23,777,000 after buying an additional 32,541 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in Nutrien by 2.9% during the 3rd quarter. Intact Investment Management Inc. now owns 921,998 shares of the company's stock worth $44,309,000 after buying an additional 26,229 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Nutrien by 25.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company's stock worth $4,692,000 after buying an additional 19,984 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.
Nutrien Stock Performance
Shares of NYSE:NTR traded down $0.62 on Friday, hitting $48.32. 2,225,698 shares of the company were exchanged, compared to its average volume of 1,951,724. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $60.87. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $23.86 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82. The stock's 50 day moving average price is $47.98 and its 200 day moving average price is $50.61.
Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the company posted $0.35 EPS. The company's revenue was down 5.0% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd. will post 3.82 EPS for the current year.
Nutrien Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.77%. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is currently 144.97%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group cut Nutrien from a "buy" rating to a "neutral" rating and cut their price objective for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Wells Fargo & Company downgraded Nutrien from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. BMO Capital Markets dropped their price objective on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Scotiabank decreased their target price on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research report on Monday, August 12th. Finally, UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and cut their target price for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Nutrien currently has a consensus rating of "Hold" and an average target price of $60.44.
View Our Latest Report on NTR
Nutrien Profile
(
Free Report)
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.
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