Triasima Portfolio Management inc. Acquires Shares of 363,900 Nutrien Ltd. (NYSE:NTR)

Triasima Portfolio Management inc. acquired a new position in Nutrien Ltd. (NYSE:NTR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 363,900 shares of the company’s stock, valued at approximately $18,518,000. Nutrien accounts for 1.7% of Triasima Portfolio Management inc.’s portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently made changes to their positions in NTR. Fisher Asset Management LLC acquired a new position in shares of Nutrien in the 4th quarter valued at about $234,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Nutrien by 1.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 46,411 shares of the company’s stock valued at $2,628,000 after purchasing an additional 587 shares in the last quarter. Versor Investments LP acquired a new stake in Nutrien during the fourth quarter valued at $344,000. JFS Wealth Advisors LLC increased its holdings in Nutrien by 1,418.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,491 shares of the company’s stock valued at $140,000 after buying an additional 2,327 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Nutrien in the fourth quarter worth about $4,444,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 0.4 %

Shares of NYSE NTR traded down $0.18 during trading on Friday, hitting $46.33. 2,093,498 shares of the company were exchanged, compared to its average volume of 1,910,366. Nutrien Ltd. has a 12-month low of $44.90 and a 12-month high of $65.00. The firm has a market capitalization of $22.92 billion, a PE ratio of 27.09, a P/E/G ratio of 1.61 and a beta of 0.82. The company has a fifty day moving average price of $48.64 and a 200-day moving average price of $52.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The company had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 earnings per share. As a group, equities research analysts expect that Nutrien Ltd. will post 3.77 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.66%. Nutrien’s dividend payout ratio is currently 126.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NTR shares. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. UBS Group reduced their target price on Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Scotiabank cut their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Barclays decreased their price objective on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, TD Securities cut their target price on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.78.

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.