National Bank of Canada FI Increases Stock Holdings in Nutrien Ltd. (NYSE:NTR)

National Bank of Canada FI increased its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,757,887 shares of the company's stock after acquiring an additional 349,895 shares during the quarter. National Bank of Canada FI owned about 0.76% of Nutrien worth $214,227,000 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. Legacy Financial Group LLC purchased a new position in shares of Nutrien in the third quarter valued at about $28,000. Exchange Traded Concepts LLC grew its holdings in Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company's stock valued at $42,000 after buying an additional 678 shares in the last quarter. Evolution Advisers Inc. bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $49,000. NBC Securities Inc. purchased a new position in shares of Nutrien in the third quarter worth $58,000. Finally, Andra AP fonden bought a new position in shares of Nutrien during the third quarter worth $62,000. Institutional investors own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on NTR shares. Wolfe Research started coverage on shares of Nutrien in a research note on Friday, March 1st. They issued an "outperform" rating and a $66.00 price target on the stock. Jefferies Financial Group initiated coverage on Nutrien in a report on Tuesday, March 26th. They set a "buy" rating and a $62.00 price target for the company. BMO Capital Markets decreased their price objective on Nutrien from $86.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, January 25th. Piper Sandler downgraded Nutrien from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $68.00 to $54.00 in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group reduced their price target on shares of Nutrien from $88.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.25.

Nutrien Stock Up 0.6 %

NYSE NTR traded up $0.31 during trading on Friday, reaching $52.93. 989,216 shares of the company's stock traded hands, compared to its average volume of 1,640,439. The company's 50 day simple moving average is $53.34 and its two-hundred day simple moving average is $53.81. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $69.12. The firm has a market cap of $26.18 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89. 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 (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.35). The business had revenue of $5.66 billion for the quarter, compared to analysts' expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business's quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 earnings per share. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current fiscal 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 given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.08%. This is an increase from Nutrien's previous quarterly dividend of $0.53. Nutrien's dividend payout ratio (DPR) is presently 85.38%.

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.