Cardinal Capital Management Inc. Has $24.32 Million Stake in Nutrien Ltd. (NYSE:NTR)

Cardinal Capital Management Inc. lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 544,642 shares of the company’s stock after selling 19,436 shares during the period. Cardinal Capital Management Inc. owned approximately 0.11% of Nutrien worth $24,315,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in Nutrien by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 98,317 shares of the company’s stock valued at $4,400,000 after acquiring an additional 682 shares during the period. Silchester International Investors LLP grew its holdings in shares of Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in shares of Nutrien by 8.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 12,536 shares of the company’s stock valued at $561,000 after purchasing an additional 1,013 shares during the period. Addenda Capital Inc. raised its stake in shares of Nutrien by 7.6% in the fourth quarter. Addenda Capital Inc. now owns 510,088 shares of the company’s stock valued at $22,826,000 after purchasing an additional 35,926 shares in the last quarter. Finally, Uncommon Cents Investing LLC lifted its position in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTR. Barclays reissued an “equal weight” rating and issued a $56.00 target price (up previously from $55.00) on shares of Nutrien in a research note on Tuesday. CIBC reissued an “outperformer” rating and issued a $55.00 price target (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Oppenheimer began coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. TD Securities decreased their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Piper Sandler upgraded Nutrien from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $50.00 to $58.00 in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.39.

Nutrien Price Performance

Shares of NYSE NTR opened at $52.61 on Thursday. The business has a 50-day moving average of $47.33 and a 200-day moving average of $47.92. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. 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 stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 1.14 and a beta of 0.81.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm 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 for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.939 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 7.14%. Nutrien’s dividend payout ratio is presently 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.