BCS Private Wealth Management Inc. Has $649,000 Stock Holdings in Nutrien Ltd. $NTR

BCS Private Wealth Management Inc. trimmed its position in Nutrien Ltd. (NYSE:NTR) by 81.3% during the third quarter, Holdings Channel reports. The firm owned 10,958 shares of the company’s stock after selling 47,683 shares during the quarter. BCS Private Wealth Management Inc.’s holdings in Nutrien were worth $649,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Nutrien by 65.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after buying an additional 9,950 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after purchasing an additional 404 shares during the period. Focus Partners Wealth acquired a new position in Nutrien in the 1st quarter valued at $516,000. Acadian Asset Management LLC acquired a new stake in Nutrien during the first quarter worth about $54,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Nutrien by 20.6% in the 2nd quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock valued at $106,000 after purchasing an additional 311 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NTR stock opened at $66.16 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. The firm has a 50-day moving average of $60.09 and a 200-day moving average of $58.80. Nutrien Ltd. has a one year low of $45.78 and a one year high of $66.25. The company has a market cap of $31.89 billion, a P/E ratio of 17.83 and a beta of 0.72.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.18 annualized dividend and a yield of 3.3%. Nutrien’s payout ratio is currently 58.76%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTR. Bank of America reaffirmed a “neutral” rating and issued a $67.00 target price on shares of Nutrien in a report on Tuesday, October 14th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Morgan Stanley raised Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $70.00 to $77.00 in a research report on Wednesday. Scotiabank decreased their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nutrien has an average rating of “Hold” and an average price target of $64.94.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.