Nutrien Ltd. $NTR Shares Sold by Fiera Capital Corp

Fiera Capital Corp lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 654,487 shares of the company’s stock after selling 178,330 shares during the period. Fiera Capital Corp owned about 0.14% of Nutrien worth $40,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after acquiring an additional 479,834 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after acquiring an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after acquiring an additional 70,068 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after acquiring an additional 1,559,673 shares during the last quarter. Finally, Norges Bank acquired a new stake in Nutrien during the 4th quarter valued at $412,635,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE:NTR opened at $67.40 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The business has a fifty day simple moving average of $72.09 and a 200 day simple moving average of $68.97. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.62 and a beta of 0.60.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company earned $0.11 earnings per share. Nutrien’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTR. Canadian Imperial Bank of Commerce reduced their target price on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and increased their target price for the company from $74.00 to $96.00 in a report on Thursday, March 12th. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Royal Bank Of Canada increased their target price on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Finally, TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.75.

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.