Triasima Portfolio Management inc. Invests $7.56 Million in Nutrien Ltd. (NYSE:NTR)

Triasima Portfolio Management inc. acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 152,242 shares of the company's stock, valued at approximately $7,555,000. Nutrien makes up 1.5% of Triasima Portfolio Management inc.'s portfolio, making the stock its 17th largest position.

Several other large investors have also bought and sold shares of NTR. Allworth Financial LP raised its stake in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the period. GAMMA Investing LLC raised its stake in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares during the period. Summit Securities Group LLC raised its stake in shares of Nutrien by 225.0% during the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after purchasing an additional 900 shares during the period. HM Payson & Co. bought a new stake in shares of Nutrien during the 1st quarter worth $65,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Nutrien during the 4th quarter worth $67,000. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on NTR. Berenberg Bank lifted their target price on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. TD Securities lifted their target price on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Bank of America lifted their target price on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group restated a "hold" rating and issued a $66.00 price objective (up from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Finally, Raymond James Financial lowered Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 target price for the company. in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and an average price target of $62.78.

Nutrien Price Performance

Shares of NTR traded up $1.68 during midday trading on Friday, reaching $60.00. The stock had a trading volume of 2,566,839 shares, compared to its average volume of 2,191,729. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $29.22 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. The company's 50-day moving average is $59.77 and its 200 day moving average is $54.35. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Nutrien 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.