Aviso Financial Inc. Lowers Stock Position in Nutrien Ltd. $NTR

Aviso Financial Inc. decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 66.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,319 shares of the company’s stock after selling 49,981 shares during the period. Aviso Financial Inc.’s holdings in Nutrien were worth $1,487,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 80,135 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Nutrien by 14.0% in the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after acquiring an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Nutrien by 48.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock worth $696,058,000 after purchasing an additional 3,900,755 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Nutrien by 16.5% during the 3rd quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock worth $432,838,000 after purchasing an additional 1,043,766 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Nutrien during the 2nd quarter worth $395,842,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NTR shares. Royal Bank Of Canada increased their price target on shares of Nutrien from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. BMO Capital Markets upped their target price on shares of Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Zacks Research upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Jefferies Financial Group boosted their price target on Nutrien from $60.00 to $74.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.24.

Nutrien Stock Up 2.7%

Shares of NYSE NTR opened at $75.07 on Monday. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $75.73. The company has a market capitalization of $36.12 billion, a PE ratio of 16.11 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70. The firm’s 50-day moving average is $67.31 and its two-hundred day moving average is $61.28.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a $0.55 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, March 31st. Nutrien’s dividend payout ratio (DPR) is currently 46.78%.

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.