70,776 Nutrien Ltd. $NTR Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. cut its position in Nutrien Ltd. (NYSE:NTR) by 88.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,941 shares of the company’s stock after selling 70,776 shares during the period. Cidel Asset Management Inc.’s holdings in Nutrien were worth $629,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Nutrien by 1,014.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after acquiring an additional 436 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Nutrien during the 2nd quarter valued at $30,000. Evolution Wealth Management Inc. acquired a new stake in Nutrien during the 1st quarter valued at $32,000. Allied Private Wealth LLC bought a new position in Nutrien in the 2nd quarter valued at $33,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Nutrien in the 2nd quarter valued at $51,000. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Down 0.0%

NYSE NTR opened at $69.40 on Monday. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The stock has a 50-day simple moving average of $73.14 and a 200 day simple moving average of $70.98. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $32.98 billion, a PE ratio of 14.05, a P/E/G ratio of 0.77 and a beta of 0.67.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.65 EPS. Research analysts forecast that Nutrien Ltd. will post 4.53 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Tuesday, September 29th were given a $0.55 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio is currently 44.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NTR shares. Barclays decreased their target price on Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Weiss Ratings cut Nutrien from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, July 28th. Finally, National Bank Financial decreased their price objective on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Sixteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and an average target price of $79.24.

Nutrien Profile