Northwest & Ethical Investments L.P. Purchases 17,038 Shares of Nutrien Ltd. (NYSE:NTR)

Northwest & Ethical Investments L.P. increased its position in Nutrien Ltd. (NYSE:NTR) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,490 shares of the company’s stock after purchasing an additional 17,038 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.07% of Nutrien worth $16,102,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Uncommon Cents Investing LLC lifted its holdings in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after purchasing an additional 247 shares in the last quarter. FFT Wealth Management LLC lifted its holdings in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock worth $1,330,000 after purchasing an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after purchasing an additional 348 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Nutrien by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock worth $544,000 after purchasing an additional 365 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Up 0.5 %

Shares of NTR opened at $52.35 on Thursday. The business has a 50-day moving average of $51.50 and a 200 day moving average of $48.76. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The firm has a market cap of $25.61 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is presently 159.12%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NTR. CIBC raised their price objective on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Oppenheimer began coverage on Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective on the stock. UBS Group raised their price objective on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Scotiabank raised their price objective on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Finally, Barclays raised their price objective on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Hold” and an average price target of $60.13.

About Nutrien

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.