Louisbourg Investments Inc. Has $5.43 Million Stock Position in Nutrien Ltd. $NTR

Louisbourg Investments Inc. lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 14.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 72,059 shares of the company’s stock after selling 12,134 shares during the quarter. Louisbourg Investments Inc.’s holdings in Nutrien were worth $5,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Montag A & Associates Inc. grew its stake in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the period. Sfam LLC acquired a new position in shares of Nutrien in the fourth quarter valued at approximately $37,000. Eastern Bank boosted its holdings in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares during the period. Harbour Investments Inc. increased its position in shares of Nutrien by 97.2% during the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after acquiring an additional 347 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after acquiring an additional 219 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 0.2%

Nutrien stock opened at $61.09 on Friday. The stock has a market cap of $29.28 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.56 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company’s 50-day moving average price is $68.98 and its two-hundred day moving average price is $69.46.

Nutrien (NYSE:NTR) last issued 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. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, analysts expect that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Oppenheimer increased their price target on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Barclays lifted their price objective on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada raised their target price on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average target price of $81.71.

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.