125,300 Shares in Nutrien Ltd. $NTR Acquired by Barometer Capital Management Inc.

Barometer Capital Management Inc. acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 125,300 shares of the company’s stock, valued at approximately $9,455,000. Nutrien accounts for 3.9% of Barometer Capital Management Inc.’s portfolio, making the stock its 4th largest position.

Several other institutional investors have also recently bought and sold shares of NTR. Montag A & Associates Inc. boosted its holdings in Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Evolution Wealth Management Inc. bought a new position in Nutrien during the first quarter worth about $32,000. Sfam LLC acquired a new position in shares of Nutrien during the 4th quarter worth approximately $37,000. Eastern Bank increased 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 purchasing an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after acquiring an additional 347 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NTR opened at $66.78 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The firm has a market cap of $31.94 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.65 and a beta of 0.62. The business’s fifty day moving average is $66.70 and its 200-day moving average is $69.96.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share 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 business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the business posted $0.11 earnings per share. Nutrien’s revenue was up 18.5% compared to the same quarter last year. Sell-side analysts expect that Nutrien Ltd. will post 5.11 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were given a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Canadian Imperial Bank of Commerce decreased their price objective on Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a report on Thursday, April 30th. Mizuho decreased their price target on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. UBS Group cut their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a report on Monday, May 11th. Finally, TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.00.

Nutrien Company 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.