Nutrien Ltd. (NYSE:NTR) Shares Sold by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lowered its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,762 shares of the company's stock after selling 134,562 shares during the period. Nutrien makes up about 6.3% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 7th biggest position. Galibier Capital Management Ltd. owned approximately 0.08% of Nutrien worth $20,185,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CORDA Investment Management LLC. lifted its holdings in shares of Nutrien by 3.1% in the first quarter. CORDA Investment Management LLC. now owns 527,627 shares of the company's stock valued at $26,207,000 after purchasing an additional 15,718 shares in the last quarter. ARGA Investment Management LP raised its position in shares of Nutrien by 7.7% during the 1st 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 during the last quarter. TD Private Client Wealth LLC raised its position in shares of Nutrien by 16.0% during the 1st quarter. TD Private Client Wealth LLC now owns 50,614 shares of the company's stock worth $2,512,000 after purchasing an additional 6,988 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Nutrien by 27.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 222,727 shares of the company's stock valued at $11,060,000 after buying an additional 48,464 shares in the last quarter. Finally, Minneapolis Portfolio Management Group LLC grew its holdings in Nutrien by 0.3% during the 1st quarter. Minneapolis Portfolio Management Group LLC now owns 368,065 shares of the company's stock valued at $18,282,000 after buying an additional 1,117 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of analyst reports. Scotiabank cut Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a report on Thursday, May 22nd. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company raised their price objective on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Berenberg Bank lifted their price target on shares of Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Finally, TD Securities lifted their price target on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.29.

Nutrien Price Performance

Shares of NTR traded down $1.30 during trading hours on Thursday, hitting $60.81. 1,847,841 shares of the company were exchanged, compared to its average volume of 2,188,118. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The company has a market capitalization of $29.62 billion, a PE ratio of 20.43, a PEG ratio of 1.18 and a beta of 0.80. The firm has a fifty day simple moving average of $59.24 and a 200-day simple moving average of $53.61. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued 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). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The company had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. During the same period in the prior year, the business posted $0.46 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, June 30th. Nutrien's payout ratio is 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.