CIBC Asset Management Inc Has $31.22 Million Stock Holdings in Nutrien Ltd. $NTR

CIBC Asset Management Inc trimmed its holdings in Nutrien Ltd. (NYSE:NTR) by 34.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,327 shares of the company’s stock after selling 261,153 shares during the period. CIBC Asset Management Inc’s holdings in Nutrien were worth $31,218,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after purchasing an additional 2,276,651 shares in the last quarter. First Eagle Investment Management LLC increased its position in Nutrien by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after buying an additional 70,068 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Nutrien by 16.5% during the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after acquiring an additional 1,043,766 shares during the last quarter. Finally, Norges Bank acquired a new position in Nutrien during the fourth quarter valued at approximately $412,635,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

NTR has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley increased their price objective on shares of Nutrien from $77.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Oppenheimer raised their price objective on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.75.

Nutrien Price Performance

Nutrien stock opened at $68.97 on Thursday. The business has a 50 day simple moving average of $72.56 and a 200 day simple moving average of $68.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The company has a market capitalization of $33.11 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.60. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. On average, sell-side analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.