Addenda Capital Inc. Sells 176,401 Shares of Nutrien Ltd. (NYSE:NTR)

Addenda Capital Inc. cut its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 34.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 333,687 shares of the company's stock after selling 176,401 shares during the period. Addenda Capital Inc. owned approximately 0.07% of Nutrien worth $16,574,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in Nutrien in the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC lifted its position 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 acquiring an additional 480 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc acquired a new position in Nutrien in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. UBS Group increased their target price on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Wells Fargo & Company boosted their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Barclays raised their price target on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Royal Bank of Canada lifted their target price on Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.44.

Nutrien Stock Up 0.3%

NTR traded up $0.17 on Thursday, reaching $60.47. 877,586 shares of the company traded hands, compared to its average volume of 2,158,530. The stock's 50 day moving average price is $54.72 and its 200-day moving average price is $51.27. 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 Ltd. has a 52-week low of $43.70 and a 52-week high of $60.84. The company has a market cap of $29.49 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. On average, sell-side analysts expect 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 will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

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.