Fiera Capital Corp Sells 23,751 Shares of Nutrien Ltd. $NTR

Fiera Capital Corp lessened its stake in Nutrien Ltd. (NYSE:NTRFree Report) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 832,817 shares of the company’s stock after selling 23,751 shares during the period. Fiera Capital Corp owned 0.17% of Nutrien worth $48,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NTR. Cumberland Partners Ltd bought a new stake in shares of Nutrien in the 3rd quarter valued at about $4,582,000. Colrain Capital LLC lifted its position in Nutrien by 35.6% during the third quarter. Colrain Capital LLC now owns 128,150 shares of the company’s stock valued at $7,595,000 after acquiring an additional 33,650 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nutrien by 0.4% in the third quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after acquiring an additional 80,135 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Nutrien by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 2,685,813 shares of the company’s stock valued at $157,684,000 after acquiring an additional 160,549 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Nutrien by 14.6% in the third quarter. PNC Financial Services Group Inc. now owns 23,872 shares of the company’s stock worth $1,402,000 after purchasing an additional 3,044 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NTR shares. Scotiabank increased their price objective on Nutrien from $63.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Royal Bank Of Canada increased their price target on Nutrien from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Wells Fargo & Company initiated coverage on Nutrien in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 price target for the company. Mizuho boosted their price target on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Finally, Oppenheimer restated an “outperform” rating on shares of Nutrien in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of $66.69.

View Our Latest Analysis on Nutrien

More Nutrien News

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Nutrien Price Performance

Shares of NYSE NTR opened at $71.80 on Friday. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $73.55. The business’s 50 day moving average price is $66.06 and its 200 day moving average price is $60.57. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. The firm has a market cap of $34.57 billion, a P/E ratio of 15.41 and a beta of 0.73.

Nutrien (NYSE:NTRGet Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 8.46% and a net margin of 8.43%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. On average, sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a yield of 3.1%. Nutrien’s dividend payout ratio is currently 58.76%.

Nutrien Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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