Louisbourg Investments Inc. Sells 15,399 Shares of Nutrien Ltd. $NTR

Louisbourg Investments Inc. lowered its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,929 shares of the company's stock after selling 15,399 shares during the period. Nutrien comprises about 1.3% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 25th biggest holding. Louisbourg Investments Inc.'s holdings in Nutrien were worth $7,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP bought a new position in shares of Nutrien during the second quarter valued at approximately $654,081,000. Deutsche Bank AG acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $588,720,000. TD Waterhouse Canada Inc. raised its position in shares of Nutrien by 10.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,096,905 shares of the company's stock worth $424,331,000 after purchasing an additional 578,470 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $375,178,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Nutrien by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company's stock worth $443,151,000 after purchasing an additional 239,946 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 0.4%

NTR opened at $69.13 on Wednesday. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The stock has a market cap of $32.92 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.75 and a beta of 0.68. The stock's 50 day moving average price is $73.38 and its 200 day moving average price is $70.41.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the previous year, the firm earned $2.65 EPS. The firm's revenue was up 3.6% on a year-over-year basis. As a group, research analysts predict that Nutrien Ltd. will post 4.63 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 29th. Nutrien's dividend payout ratio (DPR) is 44.53%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of analyst reports. Jefferies Financial Group restated a "hold" rating and set a $71.00 price objective on shares of Nutrien in a research report on Monday, October 12th. Weiss Ratings downgraded Nutrien from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Barclays dropped their target price on Nutrien from $81.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Mizuho dropped their target price on Nutrien from $77.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $85.00 target price on shares of Nutrien in a research note on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.90.

Nutrien Company Profile

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