Brown Lisle Cummings Inc. Lowers Position in Nutrien Ltd. $NTR

Brown Lisle Cummings Inc. trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 58.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,638 shares of the company’s stock after selling 9,194 shares during the period. Brown Lisle Cummings Inc.’s holdings in Nutrien were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in shares of Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after purchasing an additional 13,313,817 shares in the last quarter. Norges Bank bought a new position in shares of Nutrien during the fourth quarter valued at approximately $412,635,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after purchasing an additional 2,276,651 shares in the last quarter. TD Asset Management Inc increased its holdings in Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its holdings in Nutrien by 5,891.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,240,184 shares of the company’s stock valued at $76,650,000 after buying an additional 1,219,484 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTR. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $77.00 to $100.00 in a report on Friday, March 13th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank boosted their price target on Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada upped their price objective on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Nutrien Price Performance

Shares of NTR stock opened at $60.38 on Thursday. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The firm has a market capitalization of $28.94 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.56 and a beta of 0.60. The stock’s 50-day simple moving average is $69.48 and its 200-day simple moving average is $69.52.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 5.45 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 17th. Shareholders of record on Tuesday, June 30th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.6%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Nutrien Company 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.