Burgundy Asset Management Ltd. Has $8.20 Million Stake in Nutrien Ltd. $NTR

Key Points

• Burgundy Asset Management Ltd. increased its holdings in Nutrien Ltd. by 26.9%, acquiring an additional 35,000 shares, bringing its total to 165,000 shares valued at approximately $8.2 million.
• Nutrien recently posted quarterly earnings of $2.65 per share, surpassing analysts' estimates, while the company's revenue was reported at $10.30 billion.
• The firm announced a quarterly dividend of $0.545 per share, which will be paid on October 17, with a yield of 3.8%.

Burgundy Asset Management Ltd. boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,000 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. Burgundy Asset Management Ltd.'s holdings in Nutrien were worth $8,197,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Nutrien by 184.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after purchasing an additional 7,934 shares during the period. Farther Finance Advisors LLC boosted its stake in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after purchasing an additional 1,002 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Nutrien during the 1st quarter valued at approximately $517,000. Bessemer Group Inc. boosted its stake in Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after purchasing an additional 1,049 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after purchasing an additional 1,022 shares during the period. Institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NTR. UBS Group cut their price target on Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Bank of America upped their price target on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. The Goldman Sachs Group upped their price target on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Wells Fargo & Company upped their price target on Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $66.00 price target (up previously from $63.00) on shares of Nutrien in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien presently has a consensus rating of "Hold" and an average price target of $62.65.

Nutrien Price Performance

Shares of NTR traded up $0.0350 during mid-day trading on Tuesday, reaching $56.7350. The company had a trading volume of 1,180,534 shares, compared to its average volume of 2,012,656. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The company's 50-day moving average is $59.43 and its 200-day moving average is $55.58. The company has a market capitalization of $27.58 billion, a P/E ratio of 20.34, a P/E/G ratio of 0.97 and a beta of 0.81.

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

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio (DPR) is currently 78.14%.

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.