Nutrien Ltd. (NYSE:NTR) Stock Holdings Lifted by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in Nutrien Ltd. (NYSE:NTR) by 8.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 757,409 shares of the company’s stock after buying an additional 59,620 shares during the quarter. Nutrien makes up 1.7% of Intact Investment Management Inc.’s portfolio, making the stock its 19th biggest position. Intact Investment Management Inc. owned approximately 0.15% of Nutrien worth $42,672,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. bought a new stake in Nutrien in the 3rd quarter valued at about $27,000. Legacy Financial Group LLC bought a new stake in Nutrien in the 3rd quarter valued at about $28,000. Exchange Traded Concepts LLC lifted its position in Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the last quarter. Evolution Advisers Inc. bought a new stake in Nutrien in the 4th quarter valued at about $49,000. Finally, CVA Family Office LLC bought a new stake in Nutrien in the 4th quarter valued at about $57,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Up 1.0 %

Shares of Nutrien stock traded up $0.50 during trading on Friday, hitting $52.55. The stock had a trading volume of 1,227,851 shares, compared to its average volume of 1,711,381. The stock has a 50 day simple moving average of $53.23 and a 200 day simple moving average of $54.09. The company has a market capitalization of $25.99 billion, a PE ratio of 20.77, a P/E/G ratio of 1.95 and a beta of 0.89. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 1 year low of $47.90 and a 1 year high of $70.07.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.35). The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business’s revenue was down 24.8% on a year-over-year basis. During the same period last year, the business earned $2.02 earnings per share. On average, research analysts expect that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.54 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, March 27th. Nutrien’s dividend payout ratio (DPR) is 85.38%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NTR shares. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $58.00 to $48.00 in a research report on Friday, February 23rd. Royal Bank of Canada cut their price objective on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Wolfe Research started coverage on shares of Nutrien in a research note on Friday, March 1st. They set an “outperform” rating and a $66.00 target price on the stock. Raymond James cut shares of Nutrien from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $80.00 to $65.00 in a research note on Friday, January 12th. Finally, Wells Fargo & Company lowered their target price on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Nutrien currently has a consensus rating of “Hold” and an average target price of $67.95.

Nutrien 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.