Nutrien Ltd. $NTR Holdings Lifted by Aviso Financial Inc.

Aviso Financial Inc. grew its holdings in Nutrien Ltd. (NYSE:NTR) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,300 shares of the company’s stock after purchasing an additional 3,770 shares during the period. Aviso Financial Inc.’s holdings in Nutrien were worth $4,387,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Boston Partners acquired a new position in Nutrien in the 2nd quarter valued at approximately $150,416,000. JPMorgan Chase & Co. increased its stake in shares of Nutrien by 48.7% in the first quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock worth $347,319,000 after acquiring an additional 2,291,518 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Nutrien by 14.0% during the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after acquiring an additional 1,627,328 shares in the last quarter. Vanguard Group Inc. boosted its position in Nutrien by 7.1% during the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock valued at $1,051,709,000 after purchasing an additional 1,412,503 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Nutrien by 17.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after purchasing an additional 1,284,181 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE:NTR opened at $56.23 on Tuesday. The firm has a 50 day moving average of $57.50 and a 200-day moving average of $58.40. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $27.18 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company earned $0.39 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.9%. Nutrien’s payout ratio is 58.76%.

Analyst Upgrades and Downgrades

NTR has been the topic of several analyst reports. Scotiabank dropped their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Jefferies Financial Group reduced their price objective on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. UBS Group lowered their target price on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, Mizuho decreased their price target on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.94.

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.