Nutrien Ltd. (NYSE:NTR) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,331,450 shares of the company's stock after purchasing an additional 239,578 shares during the quarter. Nutrien makes up about 1.1% of Mackenzie Financial Corp's investment portfolio, making the stock its 16th biggest holding. Mackenzie Financial Corp owned 2.70% of Nutrien worth $751,381,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NTR. GHP Investment Advisors Inc. acquired a new position in shares of Nutrien during the 3rd quarter worth about $27,000. Legacy Financial Group LLC bought a new stake in Nutrien during the third quarter worth about $28,000. Covestor Ltd acquired a new position in Nutrien during the first quarter valued at approximately $30,000. Zions Bancorporation N.A. grew its stake in Nutrien by 55.2% in the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company's stock valued at $31,000 after purchasing an additional 107 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company's stock worth $42,000 after purchasing an additional 678 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

NTR has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded Nutrien from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $58.00 to $48.00 in a report on Friday, February 23rd. The Goldman Sachs Group dropped their target price on shares of Nutrien from $88.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Stifel Nicolaus lifted their price target on Nutrien from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, January 19th. BMO Capital Markets dropped their price objective on Nutrien from $86.00 to $80.00 and set an "outperform" rating on the stock in a research note on Thursday, January 25th. Finally, Raymond James lowered Nutrien from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $80.00 to $65.00 in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.95.

Nutrien Trading Down 1.1 %

NYSE NTR traded down $0.56 on Monday, reaching $52.36. The company had a trading volume of 1,668,377 shares, compared to its average volume of 2,070,767. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 1.93 and a beta of 0.89. The business has a 50 day moving average of $52.77 and a two-hundred day moving average of $54.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $75.29.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the firm posted $2.02 earnings per share. The company's revenue for the quarter was down 24.8% on a year-over-year basis. Analysts forecast that Nutrien Ltd. will post 3.91 EPS for the current year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.13%. This is a positive change from Nutrien's previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. Nutrien's payout ratio is presently 85.38%.

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.