Nutrien Ltd. $NTR Stake Raised by Guardian Partners Inc.

Key Points

• Guardian Partners Inc. increased its stake in Nutrien Ltd. by 8.7%, now owning 331,703 shares worth approximately $16.99 million, making it the 13th largest holding in their investment portfolio.
• Nutrien's most recent quarterly earnings showed an EPS of $2.65, surpassing analysts' expectations, with a revenue of $10.30 billion compared to forecasted estimates of $10.40 billion.
• The company will pay a quarterly dividend of $0.545 per share on October 17th, representing an annualized dividend of $2.18 and a yield of 3.9%.

Guardian Partners Inc. boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 331,703 shares of the company's stock after acquiring an additional 26,426 shares during the quarter. Nutrien accounts for about 1.7% of Guardian Partners Inc.'s investment portfolio, making the stock its 13th largest holding. Guardian Partners Inc. owned 0.07% of Nutrien worth $16,991,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NTR. Vanguard Group Inc. lifted its position in shares of Nutrien by 7.1% in the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock worth $1,051,709,000 after purchasing an additional 1,412,503 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Nutrien by 17.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock valued at $436,137,000 after buying an additional 1,284,181 shares during the period. Mackenzie Financial Corp lifted its position in Nutrien by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock worth $389,860,000 after buying an additional 54,918 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Nutrien by 6.5% during the 1st quarter. Deutsche Bank AG now owns 7,568,805 shares of the company's stock valued at $375,943,000 after buying an additional 463,748 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after buying an additional 2,291,518 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Down 1.0%

NTR opened at $56.39 on Monday. The firm has a market cap of $27.41 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 0.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The business has a 50 day moving average price of $58.65 and a 200 day moving average price of $56.17. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 earnings per share. Research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is 78.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. National Bankshares assumed coverage on Nutrien in a research note on Friday. They issued a "sector perform" rating and a $64.00 target price on the stock. National Bank Financial started coverage on Nutrien in a research note on Friday. They issued a "sector perform" rating for the company. Scotiabank dropped their price objective on Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Zacks Research raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Finally, UBS Group decreased their target price on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $62.72.

About Nutrien

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.

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