Nutrien Ltd. $NTR Stake Boosted by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 73.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,656 shares of the company’s stock after acquiring an additional 27,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Nutrien were worth $3,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Harbour Investments Inc. boosted its holdings in Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Nutrien in the second quarter worth $49,000. Allworth Financial LP boosted its holdings in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Nutrien in the first quarter worth $54,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a report on Wednesday, October 8th. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. UBS Group cut their target price on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. National Bankshares assumed coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 target price for the company. Finally, TD Securities boosted their target price on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.78.

Nutrien Stock Up 0.3%

NYSE NTR opened at $54.48 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The firm has a 50-day simple moving average of $57.72 and a 200 day simple moving average of $58.19. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The stock has a market cap of $26.39 billion, a PE ratio of 19.53, a PEG ratio of 0.92 and a beta of 0.82.

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

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 78.14%.

Nutrien Company 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.