Nutrien Ltd. (NYSE:NTR) Stock Position Raised by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 29.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,115,348 shares of the company's stock after buying an additional 251,670 shares during the period. Nutrien comprises 1.9% of Intact Investment Management Inc.'s portfolio, making the stock its 11th largest position. Intact Investment Management Inc. owned 0.23% of Nutrien worth $55,362,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC raised its position in shares of Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after purchasing an additional 277 shares during the period. Tidal Investments LLC raised its position in shares of Nutrien by 2.9% during the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after purchasing an additional 293 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after purchasing an additional 348 shares during the period. Finally, PKO Investment Management Joint Stock Co raised its position in shares of Nutrien by 2.5% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 16,296 shares of the company's stock worth $811,000 after purchasing an additional 400 shares during the period. Institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NTR shares. Barclays increased 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. Scotiabank cut Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research report on Thursday, May 22nd. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada raised 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. Finally, Wells Fargo & Company raised their target price on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.94.

Nutrien Price Performance

Shares of NTR stock traded down $1.39 during mid-day trading on Friday, hitting $60.95. 2,617,255 shares of the stock traded hands, compared to its average volume of 2,181,607. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $65.08. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81. The company's 50-day simple moving average is $57.69 and its 200-day simple moving average is $52.54. 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 (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter last year, the business posted $0.46 earnings per share. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders 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 dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 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.