Nutrien Ltd. $NTR Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. lowered its holdings in Nutrien Ltd. (NYSE:NTR) by 93.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,360 shares of the company’s stock after selling 19,100 shares during the quarter. Westerkirk Capital Inc.’s holdings in Nutrien were worth $84,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Nutrien in the 4th quarter valued at about $412,635,000. Arrowstreet Capital Limited Partnership boosted its holdings in Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after buying an additional 2,276,651 shares in the last quarter. TD Asset Management Inc grew its position in Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after buying an additional 1,559,673 shares during the period. Black Creek Investment Management Inc. grew its position in Nutrien by 57.3% during the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after buying an additional 862,487 shares during the period. Finally, Man Group plc increased its holdings in Nutrien by 5,178.4% in the third quarter. Man Group plc now owns 775,919 shares of the company’s stock valued at $45,577,000 after buying an additional 761,219 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Scotiabank raised their price target on shares of Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Nutrien Stock Performance

Shares of NTR stock opened at $66.29 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market cap of $31.82 billion, a PE ratio of 13.50, a P/E/G ratio of 0.62 and a beta of 0.60. The company’s fifty day simple moving average is $71.91 and its 200-day simple moving average is $69.04. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, equities research analysts anticipate that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

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.