Lester Murray Antman dba SimplyRich Acquires Shares of 4,698 Nutrien Ltd. (NYSE:NTR)

Lester Murray Antman dba SimplyRich acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,698 shares of the company’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nutrien during the 4th quarter valued at about $61,000. International Assets Investment Management LLC purchased a new stake in shares of Nutrien during the 4th quarter valued at about $3,433,000. Bleakley Financial Group LLC raised its position in shares of Nutrien by 14.8% during the 4th quarter. Bleakley Financial Group LLC now owns 6,109 shares of the company’s stock valued at $344,000 after buying an additional 786 shares in the last quarter. QV Investors Inc. raised its position in shares of Nutrien by 30.5% during the 4th quarter. QV Investors Inc. now owns 483,671 shares of the company’s stock valued at $27,382,000 after buying an additional 113,016 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Nutrien during the 4th quarter valued at about $230,000. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price objective on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. BMO Capital Markets dropped their price objective on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Piper Sandler downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $68.00 to $54.00 in a research note on Thursday, February 29th. Berenberg Bank decreased their price target on shares of Nutrien from $67.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. cut shares of Nutrien from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $58.00 to $48.00 in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.95.

Nutrien Stock Up 0.9 %

NYSE NTR traded up $0.51 on Tuesday, hitting $56.24. 1,662,329 shares of the stock were exchanged, compared to its average volume of 2,081,906. The company has a 50-day moving average price of $52.43 and a 200-day moving average price of $54.75. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $75.29. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35. The company has a market cap of $27.82 billion, a PE ratio of 22.03, a PEG ratio of 2.08 and a beta of 0.89.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 EPS. Sell-side analysts anticipate that Nutrien Ltd. will post 3.9 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.54 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Wednesday, March 27th. Nutrien’s dividend payout ratio is presently 85.38%.

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.