Guardian Partners Inc. Grows Position in Nutrien Ltd. $NTR

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. grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 331,703 shares of the company's stock after purchasing an additional 26,426 shares during the quarter. Nutrien makes up about 1.7% of Guardian Partners Inc.'s portfolio, making the stock its 13th biggest holding. Guardian Partners Inc. owned approximately 0.07% of Nutrien worth $16,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its position in shares of Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after acquiring an additional 348 shares during the last quarter. Allworth Financial LP boosted its position in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after acquiring an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after acquiring an additional 935 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Nutrien during the 1st quarter valued at about $65,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Performance

Shares of NTR stock traded down $0.12 during trading hours on Friday, hitting $57.00. The stock had a trading volume of 2,447,668 shares, compared to its average volume of 2,140,676. The firm has a market capitalization of $27.66 billion, a PE ratio of 20.43, a PEG ratio of 0.96 and a beta of 0.77. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The stock's 50 day moving average is $58.41 and its 200 day moving average is $56.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 earnings per share. As a group, research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is 78.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NTR shares. Morgan Stanley boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. TD Securities boosted their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, August 11th. Royal Bank Of Canada restated an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Jefferies Financial Group reduced their price objective on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Scotiabank reduced their price objective on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $62.39.

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.