Intact Investment Management Inc. Sells 58,320 Shares of Nutrien Ltd. (NYSE:NTR)

Intact Investment Management Inc. lessened its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 863,678 shares of the company's stock after selling 58,320 shares during the period. Nutrien comprises 1.3% of Intact Investment Management Inc.'s portfolio, making the stock its 19th biggest holding. Intact Investment Management Inc. owned approximately 0.18% of Nutrien worth $38,641,000 as of its most recent filing with the SEC.

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

Nutrien Trading Down 0.2 %

Shares of NYSE NTR traded down $0.09 during mid-day trading on Tuesday, hitting $52.06. The company's stock had a trading volume of 1,714,292 shares, compared to its average volume of 1,976,479. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company's fifty day simple moving average is $51.33 and its 200-day simple moving average is $48.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

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Nutrien (NYSE:NTR - Get Free Report) last announced 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 business 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%. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Analyst Ratings Changes

NTR has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. UBS Group lifted their target price on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Mizuho raised their price target on Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company boosted their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $60.13.

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.