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

K.J. Harrison & Partners Inc cut its stake in shares of Nutrien Ltd. (NYSE:NTR) by 64.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund 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 SEC.

A number of other hedge funds have also recently bought and sold shares of NTR. Montag A & Associates Inc. raised its stake 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 in the first quarter valued at $32,000. Sfam LLC bought a new position in shares of Nutrien in the fourth quarter valued at $37,000. Eastern Bank increased its holdings in Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in Nutrien by 97.2% during the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Down 0.0%

Shares of NTR stock opened at $65.04 on Friday. The firm has a 50 day moving average price of $68.12 and a two-hundred day moving average price of $69.58. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $31.17 billion, a PE ratio of 13.25, a price-to-earnings-growth 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.

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 analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, analysts predict that Nutrien Ltd. will post 5.45 earnings per share 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 paid a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.4%. Nutrien’s payout ratio is 44.81%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of recent analyst reports. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $74.00 to $90.00 in a report on Tuesday, May 5th. BMO Capital Markets upped their target price on shares of Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Finally, Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 30th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.61.

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.