Nutrien Ltd. (NYSE:NTR) Position Raised by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. increased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 48.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663,346 shares of the company's stock after acquiring an additional 217,893 shares during the quarter. Nutrien accounts for about 7.2% of Galibier Capital Management Ltd.'s holdings, making the stock its 4th largest position. Galibier Capital Management Ltd. owned approximately 0.13% of Nutrien worth $31,912,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in shares of Nutrien in the 3rd quarter worth approximately $28,000. Family Firm Inc. bought a new stake in shares of Nutrien during the second quarter worth $32,000. Trust Co. of Vermont boosted its stake in shares of Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company's stock valued at $46,000 after purchasing an additional 300 shares during the last quarter. Covestor Ltd grew its holdings in Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after acquiring an additional 233 shares during the period. Finally, Andra AP fonden bought a new stake in Nutrien in the second quarter valued at about $51,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company lowered shares of Nutrien from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group downgraded shares of Nutrien from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Barclays reduced their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. Finally, Hsbc Global Res downgraded Nutrien from a "hold" rating to a "moderate sell" rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $60.67.

Nutrien Stock Performance

Shares of NYSE NTR traded up $0.29 during midday trading on Wednesday, hitting $47.96. 1,081,606 shares of the company's stock traded hands, compared to its average volume of 1,938,550. The firm has a fifty day moving average of $47.83 and a 200 day moving average of $50.77. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm's revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.53 EPS. On average, analysts forecast that Nutrien Ltd. will post 3.85 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Friday, September 27th. Nutrien's payout ratio is 126.32%.

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.