Aviso Financial Inc. Trims Holdings in Nutrien Ltd. $NTR

Aviso Financial Inc. reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 66.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,319 shares of the company’s stock after selling 49,981 shares during the period. Aviso Financial Inc.’s holdings in Nutrien were worth $1,487,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Nutrien during the third quarter valued at approximately $37,000. Huntington National Bank raised its holdings in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Nutrien during the 1st quarter worth $54,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Nutrien by 27.7% during the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after purchasing an additional 203 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NTR stock opened at $75.07 on Monday. The company’s fifty day simple moving average is $67.31 and its 200-day simple moving average is $61.28. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $75.73. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $36.12 billion, a PE ratio of 16.11 and a beta of 0.70.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, March 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s dividend payout ratio (DPR) is 46.78%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTR. Oppenheimer raised their price target on Nutrien from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America increased their price objective on shares of Nutrien from $64.00 to $71.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. TD Securities upped their price target on shares of Nutrien from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.24.

Nutrien Profile

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.