Pacifica Partners Inc. Increases Stake in Nutrien Ltd. (NYSE:NTR)

Pacifica Partners Inc. boosted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 47.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 34,163 shares of the company's stock after acquiring an additional 10,920 shares during the quarter. Pacifica Partners Inc.'s holdings in Nutrien were worth $1,732,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new position in shares of Nutrien during the fourth quarter valued at approximately $27,000. HHM Wealth Advisors LLC increased its position in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in Nutrien by 1,437.5% in 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. Asset Planning Inc acquired a new position in Nutrien in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank cut shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a research report on Thursday, May 22nd. The Goldman Sachs Group increased their price target on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. UBS Group boosted their price objective on Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. CIBC lifted their price target on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Finally, Bank of America upped their price objective on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nutrien presently has an average rating of "Hold" and an average price target of $61.44.

Nutrien Trading Down 0.7%

Shares of NTR traded down $0.43 during midday trading on Tuesday, hitting $59.79. 1,681,814 shares of the stock were exchanged, compared to its average volume of 2,156,843. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a fifty day simple moving average of $54.33 and a 200 day simple moving average of $51.14. The firm has a market cap of $29.16 billion, a P/E ratio of 43.64, a P/E/G ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last released 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). The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. On average, research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.65%. Nutrien's dividend payout ratio (DPR) is 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.