Nutrien Ltd. $NTR Stock Position Raised by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments Inc. increased its stake in Nutrien Ltd. by 11.4%, making it the 19th largest holding in their portfolio, valued at approximately $6.86 million.
• Nutrien's stock recently reported a quarterly earnings per share of $2.65, exceeding analysts' expectations of $2.41, though revenue of $10.30 billion slightly missed estimates.
• The company announced a quarterly dividend of $0.545 per share, which will be paid on October 17th, representing an annual yield of 3.6%.

Louisbourg Investments Inc. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,973 shares of the company's stock after acquiring an additional 12,067 shares during the quarter. Nutrien accounts for 1.5% of Louisbourg Investments Inc.'s portfolio, making the stock its 19th largest holding. Louisbourg Investments Inc.'s holdings in Nutrien were worth $6,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Public Sector Pension Investment Board boosted its stake in shares of Nutrien by 0.4% during the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after acquiring an additional 200 shares in the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Nutrien by 0.7% in the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock valued at $1,579,000 after purchasing an additional 220 shares in the last quarter. Weatherly Asset Management L. P. lifted its holdings in shares of Nutrien by 0.7% in the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock valued at $2,280,000 after purchasing an additional 266 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Nutrien by 5.9% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock valued at $275,000 after purchasing an additional 309 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Nutrien by 20.6% in the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company's stock valued at $106,000 after purchasing an additional 311 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Down 2.0%

NTR stock opened at $59.89 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The business's 50-day simple moving average is $57.72 and its 200 day simple moving average is $57.25. The company has a market cap of $29.06 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.82. 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 data on Wednesday, August 6th. The company reported $2.65 earnings per share 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 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 earnings per share. On average, research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed 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 3.6%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's payout ratio is presently 78.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NTR shares. Morgan Stanley increased their target price on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. TD Securities raised their target price on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, August 11th. Scotiabank cut their target price on Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Jefferies Financial Group dropped their price objective on Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a research note on Tuesday, September 9th. Finally, UBS Group dropped their price objective on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average 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.

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