Nutrien Ltd. (NYSE:NTR) Shares Sold by Fiera Capital Corp

Key Points

• Fiera Capital Corp has reduced its position in Nutrien Ltd. by 8.4%, now holding 895,964 shares valued at approximately $44.5 million following the sale of 82,637 shares.
• Other investment firms have also adjusted their stakes in Nutrien, with several increasing their positions, while 63.10% of the stock is owned by hedge funds and institutional investors.
• Nutrien's recent earnings report showed a miss in earnings per share, with a reported EPS of $0.11 compared to the consensus estimate of $0.35, and a revenue of $4.67 billion, below expectations.

Fiera Capital Corp decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 895,964 shares of the company's stock after selling 82,637 shares during the quarter. Fiera Capital Corp owned 0.18% of Nutrien worth $44,512,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NTR. Dodge & Cox grew its stake in Nutrien by 0.3% in the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock worth $560,416,000 after purchasing an additional 40,800 shares in the last quarter. Mackenzie Financial Corp grew its stake in Nutrien by 0.7% in the first quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock worth $389,860,000 after purchasing an additional 54,918 shares in the last quarter. Deutsche Bank AG grew its stake in Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after purchasing an additional 721,935 shares in the last quarter. ARGA Investment Management LP grew its stake in Nutrien by 7.7% in the first quarter. ARGA Investment Management LP now owns 6,510,844 shares of the company's stock worth $323,132,000 after purchasing an additional 467,254 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Nutrien by 10.0% in the first quarter. TD Asset Management Inc now owns 6,179,358 shares of the company's stock worth $306,645,000 after purchasing an additional 563,677 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Berenberg Bank upped their target price on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. TD Securities upped their target price on Nutrien from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Friday. Scotiabank lowered Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a report on Thursday, May 22nd. Finally, Bank of America upped their target price on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.39.

Nutrien Stock Down 1.5%

Shares of NYSE:NTR traded down $0.87 during trading on Friday, hitting $58.45. The company's stock had a trading volume of 856,527 shares, compared to its average volume of 2,259,812. The business has a 50 day moving average price of $60.12 and a two-hundred day moving average price of $55.11. The company has a market capitalization of $28.46 billion, a PE ratio of 54.59, a P/E/G ratio of 1.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business's revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.7%. 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.