9,235 Shares in Nutrien Ltd. $NTR Purchased by Cardinal Point Capital Management ULC

Key Points

• Cardinal Point Capital Management acquired 9,235 shares of Nutrien Ltd. valued at approximately $537,000, indicating growing institutional interest in the company.
• Nutrien Ltd. reported a quarterly EPS of $2.65, exceeding analysts' expectations, although revenue slightly fell short at $10.30 billion.
• The company recently announced a quarterly dividend of $0.545 per share, reflecting a 3.7% dividend yield and a payout ratio of 78.14%.

Cardinal Point Capital Management ULC acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,235 shares of the company's stock, valued at approximately $537,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Nutrien by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock valued at $1,051,709,000 after purchasing an additional 1,412,503 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock valued at $436,137,000 after purchasing an additional 1,284,181 shares during the period. Mackenzie Financial Corp grew its stake in shares of Nutrien by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock valued at $389,860,000 after purchasing an additional 54,918 shares during the period. Deutsche Bank AG grew its stake in shares of Nutrien by 6.5% during the 1st quarter. Deutsche Bank AG now owns 7,568,805 shares of the company's stock valued at $375,943,000 after purchasing an additional 463,748 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after purchasing an additional 2,291,518 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NTR. Oppenheimer restated an "outperform" rating on shares of Nutrien in a research note on Wednesday. Scotiabank lowered their price objective on Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Monday, August 11th. Zacks Research cut Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Wall Street Zen cut Nutrien from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Finally, UBS Group lowered their price objective on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $62.78.

Nutrien Stock Up 0.6%

NYSE NTR opened at $58.18 on Friday. The stock's 50 day moving average is $57.84 and its 200 day moving average is $57.82. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The stock has a market cap of $28.18 billion, a PE ratio of 20.85, a P/E/G ratio of 0.94 and a beta of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm's revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 EPS. Research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, September 29th. Nutrien's dividend payout ratio is 78.14%.

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.

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