BCS Private Wealth Management Inc. Has $649,000 Holdings in Nutrien Ltd. $NTR

BCS Private Wealth Management Inc. decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 81.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,958 shares of the company’s stock after selling 47,683 shares during the quarter. BCS Private Wealth Management Inc.’s holdings in Nutrien were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Huntington National Bank grew its stake in shares of Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after acquiring an additional 219 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Nutrien in the 2nd quarter valued at approximately $49,000. Acadian Asset Management LLC bought a new position in Nutrien during the 1st quarter worth approximately $54,000. Finally, AlphaCore Capital LLC bought a new stake in Nutrien in the second quarter valued at approximately $56,000. 63.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of recent analyst reports. Scotiabank reduced 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 report on Monday, November 10th. Wells Fargo & Company began coverage on Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 target price for the company. UBS Group raised their price target on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday. Mizuho lifted their price objective on Nutrien from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Finally, Morgan Stanley raised Nutrien from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $77.00 in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $64.94.

Nutrien Price Performance

Shares of NTR opened at $66.16 on Thursday. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $66.25. The company has a 50 day moving average of $60.09 and a 200-day moving average of $58.80. The stock has a market capitalization of $31.89 billion, a P/E ratio of 17.83 and a beta of 0.72. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.3%. Nutrien’s dividend payout ratio is currently 58.76%.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.