Nutrien Ltd. (NYSE:NTR) Shares Bought by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 189,725 shares of the company’s stock after buying an additional 4,157 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Nutrien were worth $8,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new position in Nutrien in the 3rd quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Nutrien in the second quarter worth about $52,000. Larson Financial Group LLC boosted its holdings in Nutrien by 1,370.6% in the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares during the last quarter. Cromwell Holdings LLC grew its stake in Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after purchasing an additional 900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Nutrien by 56.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock worth $86,000 after purchasing an additional 605 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTR has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $50.00 in a report on Monday. Finally, Piper Sandler raised shares of Nutrien from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $50.00 to $58.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.21.

Nutrien Stock Down 0.6 %

Nutrien stock opened at $51.75 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a fifty day moving average price of $46.90 and a two-hundred day moving average price of $47.85. The firm has a market cap of $25.48 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 1.11 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, analysts forecast that Nutrien Ltd. will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.26%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is 144.97%.

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.