K.J. Harrison & Partners Inc Sells 42,900 Shares of Nutrien Ltd. $NTR

K.J. Harrison & Partners Inc decreased its holdings in Nutrien Ltd. (NYSE:NTR) by 64.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 23,770 shares of the company’s stock after selling 42,900 shares during the period. K.J. Harrison & Partners Inc’s holdings in Nutrien were worth $1,791,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NTR shares. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday. Canadian Imperial Bank of Commerce dropped their price objective on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. UBS Group cut their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Scotia raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Finally, BMO Capital Markets increased their target price on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.61.

Nutrien Stock Down 0.0%

Shares of NYSE NTR opened at $65.04 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market cap of $31.17 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.60 and a beta of 0.62. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The stock has a 50-day moving average price of $68.12 and a two-hundred day moving average price of $69.58.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the business earned $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 forecast that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.4%. Nutrien’s dividend payout ratio is presently 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.