Minot DeBlois Advisors LLC Invests $400,000 in Nutrien Ltd. (NYSE:NTR)

Minot DeBlois Advisors LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,933 shares of the company's stock, valued at approximately $400,000.

A number of other hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Nutrien by 8.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,274 shares of the company's stock valued at $684,000 after buying an additional 1,127 shares in the last quarter. Letko Brosseau & Associates Inc. raised its stake in shares of Nutrien by 8.1% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 3,086,940 shares of the company's stock valued at $138,056,000 after buying an additional 231,323 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Nutrien in the 4th quarter valued at $1,342,000. KKM Financial LLC raised its stake in shares of Nutrien by 3.5% in the 4th quarter. KKM Financial LLC now owns 39,646 shares of the company's stock valued at $1,774,000 after buying an additional 1,349 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its stake in shares of Nutrien by 9.1% in the 4th quarter. Hudson Bay Capital Management LP now owns 60,000 shares of the company's stock valued at $2,685,000 after buying an additional 5,000 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 0.8%

Nutrien stock traded up $0.46 during midday trading on Friday, hitting $57.92. 1,752,913 shares of the stock were exchanged, compared to its average volume of 2,137,646. The company has a fifty day simple moving average of $52.49 and a two-hundred day simple moving average of $50.20. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The stock has a market capitalization of $28.28 billion, a PE ratio of 42.28, a P/E/G ratio of 1.19 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

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

Nutrien Announces Dividend

The business 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. This represents a $2.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's payout ratio is currently 203.74%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTR. CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. TD Securities raised their price objective on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday. Mizuho lifted their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.44.

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.