Nutrien Ltd. $NTR Shares Sold by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lessened its position in shares of Nutrien Ltd. (NYSE:NTR) by 58.1% during the 1st quarter, Holdings Channel reports. The firm owned 6,638 shares of the company’s stock after selling 9,194 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Nutrien were worth $501,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Guggenheim Capital LLC raised its stake in shares of Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after purchasing an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC lifted its holdings in shares of Nutrien by 1.8% during the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after purchasing an additional 164 shares during the period. Banque Cantonale Vaudoise boosted its position in Nutrien by 15.9% in the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after buying an additional 164 shares during the last quarter. Smith Moore & CO. boosted its position in Nutrien by 2.2% in the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after buying an additional 168 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Nutrien by 21.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after buying an additional 176 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NTR shares. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce dropped their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and increased their price objective for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a report on Thursday, April 30th. Finally, Scotiabank raised their target price on shares of Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.71.

Nutrien Trading Down 1.9%

Shares of Nutrien stock opened at $60.38 on Thursday. The firm has a 50-day simple moving average of $69.48 and a two-hundred day simple moving average of $69.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a market cap of $28.94 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 0.56 and a beta of 0.60.

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

Nutrien Announces Dividend

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

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.