Northwest & Ethical Investments L.P. Decreases Position in Nutrien Ltd. (NYSE:NTR)

Northwest & Ethical Investments L.P. lessened its stake in Nutrien Ltd. (NYSE:NTR) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 343,452 shares of the company’s stock after selling 2,597 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.07% of Nutrien worth $16,506,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Goodman Financial Corp raised its stake in shares of Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after buying an additional 11,058 shares during the period. CORDA Investment Management LLC. lifted its holdings in Nutrien by 7.0% during the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock valued at $23,777,000 after purchasing an additional 32,541 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Nutrien during the second quarter worth about $2,639,000. Cardinal Capital Management Inc. increased its stake in shares of Nutrien by 4.3% in the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Nutrien by 335.0% in the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock worth $3,379,000 after purchasing an additional 54,138 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HSBC downgraded shares of Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Scotiabank cut their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. Barclays decreased their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Finally, Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.33.

Nutrien Price Performance

NTR traded up $0.19 during midday trading on Thursday, hitting $46.09. The stock had a trading volume of 1,276,160 shares, compared to its average volume of 1,968,421. The company has a market cap of $22.76 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The business has a fifty day moving average of $47.97 and a 200 day moving average of $49.91. 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 issued its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Nutrien’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities analysts forecast that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a yield of 8.15%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

Nutrien 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.