Triasima Portfolio Management inc. Purchases 2,358 Shares of Nutrien Ltd. $NTR

Triasima Portfolio Management inc. raised its position in Nutrien Ltd. (NYSE:NTR) by 1.5% in the 2nd quarter, Holdings Channel reports. The firm owned 154,600 shares of the company’s stock after buying an additional 2,358 shares during the quarter. Nutrien accounts for 1.6% of Triasima Portfolio Management inc.’s holdings, making the stock its 15th largest position. Triasima Portfolio Management inc.’s holdings in Nutrien were worth $8,990,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock valued at $608,000 after purchasing an additional 7,934 shares during the period. Intech Investment Management LLC boosted its holdings in Nutrien by 284.0% in the 1st quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock valued at $3,430,000 after purchasing an additional 51,126 shares during the period. Covea Finance boosted its holdings in Nutrien by 16.5% in the 2nd quarter. Covea Finance now owns 73,500 shares of the company’s stock valued at $4,265,000 after purchasing an additional 10,400 shares during the period. Farther Finance Advisors LLC boosted its holdings in Nutrien by 27.6% in the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company’s stock valued at $229,000 after purchasing an additional 1,002 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Nutrien by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock valued at $36,607,000 after purchasing an additional 7,194 shares during the period. 63.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Oppenheimer raised their price target on shares of Nutrien from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research report on Saturday, September 27th. Wells Fargo & Company raised their price objective on shares of Nutrien from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. National Bank Financial started coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average price target of $62.39.

Nutrien Stock Performance

Nutrien stock opened at $60.64 on Wednesday. The stock has a market cap of $29.42 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.99 and a beta of 0.82. The firm’s fifty day moving average price is $57.64 and its 200-day moving average price is $57.10. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 EPS. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 78.14%.

About Nutrien

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.