Guardian Capital LP Has $15.39 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Guardian Capital LP cut its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,891 shares of the company's stock after selling 96,426 shares during the period. Guardian Capital LP owned 0.05% of Nutrien worth $15,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Nutrien by 18.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 8,740 shares of the company's stock worth $540,000 after purchasing an additional 1,367 shares in the last quarter. Lorne Steinberg Wealth Management Inc. raised its holdings in Nutrien by 1.7% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 64,297 shares of the company's stock worth $3,989,000 after buying an additional 1,065 shares during the last quarter. Nwam LLC lifted its stake in shares of Nutrien by 26.8% in the third quarter. Nwam LLC now owns 9,232 shares of the company's stock valued at $570,000 after buying an additional 1,954 shares in the last quarter. Townsend & Associates Inc grew its holdings in shares of Nutrien by 27.8% during the third quarter. Townsend & Associates Inc now owns 163,942 shares of the company's stock valued at $10,125,000 after buying an additional 35,690 shares during the last quarter. Finally, Capital Investment Counsel Inc bought a new stake in shares of Nutrien during the third quarter worth about $535,000. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

NYSE:NTR traded up $0.55 during trading hours on Tuesday, hitting $57.51. The stock had a trading volume of 901,875 shares, compared to its average volume of 1,957,365. The firm has a market capitalization of $28.44 billion, a price-to-earnings ratio of 33.63, a P/E/G ratio of 2.17 and a beta of 0.89. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12. The company has a 50 day simple moving average of $53.80 and a two-hundred day simple moving average of $53.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. Nutrien's revenue was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.02 earnings per share. Research analysts forecast that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 3.76%. Nutrien's dividend payout ratio is presently 126.32%.

Analysts Set New Price Targets

NTR has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Nutrien from $67.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday. Wolfe Research began coverage on shares of Nutrien in a report on Friday, March 1st. They set an "outperform" rating and a $66.00 price objective for the company. Berenberg Bank upgraded shares of Nutrien from a "hold" rating to a "buy" rating and boosted their target price for the company from $60.00 to $66.00 in a research note on Monday, April 29th. The Goldman Sachs Group reduced their target price on shares of Nutrien from $88.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, February 1st. Finally, Jefferies Financial Group began coverage on shares of Nutrien in a report on Tuesday, March 26th. They issued a "buy" rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.37.

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.

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