CANADA LIFE ASSURANCE Co Purchases 21,451 Shares of Nutrien Ltd. (NYSE:NTR)

CANADA LIFE ASSURANCE Co raised its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 297,113 shares of the company's stock after acquiring an additional 21,451 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.06% of Nutrien worth $13,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Nutrien during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC increased its stake in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its position in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc bought a new stake in Nutrien during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after acquiring an additional 416 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Up 0.6 %

NTR stock traded up $0.34 during trading hours on Friday, reaching $54.02. 1,708,989 shares of the stock were exchanged, compared to its average volume of 2,094,756. The company has a market cap of $26.40 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 1.19 and a beta of 0.77. The firm's 50-day moving average is $51.12 and its 200-day moving average is $49.40. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.04%. Nutrien's payout ratio is currently 159.12%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NTR shares. Mizuho boosted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. Scotiabank lifted their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 24th. CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Finally, Barclays upped their target price on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.27.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.