1,319,947 Shares in Nutrien Ltd. $NTR Acquired by Canoe Financial LP

Canoe Financial LP bought a new position in shares of Nutrien Ltd. (NYSE:NTR) in the first quarter, HoldingsChannel.com reports. The firm bought 1,319,947 shares of the company’s stock, valued at approximately $99,603,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Nutrien by 2.2% in the fourth 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 during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after buying an additional 13,313,817 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Nutrien by 19.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after buying an additional 2,276,651 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Nutrien by 0.5% in the 4th 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. Finally, Deutsche Bank AG grew its position in shares of Nutrien by 2.0% in the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after buying an additional 189,683 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Trading Up 0.2%

NYSE:NTR opened at $61.09 on Monday. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The firm has a fifty day simple moving average of $68.98 and a 200-day simple moving average of $69.53. 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 capitalization of $29.28 billion, a P/E ratio of 12.44, a PEG ratio of 0.56 and a beta of 0.60.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.6%. Nutrien’s dividend payout ratio is currently 44.81%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NTR shares. UBS Group reduced their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised their price target on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Finally, Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, April 30th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.71.

About Nutrien

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.