Louisbourg Investments Inc. Acquires 17,263 Shares of Nutrien Ltd. (NYSE:NTR)

Louisbourg Investments Inc. boosted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,906 shares of the company's stock after acquiring an additional 17,263 shares during the period. Louisbourg Investments Inc.'s holdings in Nutrien were worth $5,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTR. Fairway Wealth LLC bought a new stake in shares of Nutrien in the fourth quarter valued at approximately $27,000. Assetmark Inc. raised its stake in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Principal Securities Inc. boosted its holdings in Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company's stock valued at $42,000 after purchasing an additional 540 shares during the period. GAMMA Investing LLC boosted its holdings in Nutrien by 4,866.7% in 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. Finally, Lindbrook Capital LLC grew its position in Nutrien by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock worth $56,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NTR. CIBC upped their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group boosted their price target on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. 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. Scotiabank lowered Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective on the stock. in a report on Thursday, May 22nd. Finally, Wells Fargo & Company boosted 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.94.

Nutrien Price Performance

Nutrien stock traded down $0.89 during mid-day trading on Tuesday, hitting $61.95. 2,724,361 shares of the company were exchanged, compared to its average volume of 2,175,769. The company has a market capitalization of $30.21 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The business has a fifty day moving average of $56.67 and a 200 day moving average of $52.15. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $65.08. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the company posted $0.46 EPS. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) 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.