Triasima Portfolio Management inc. Decreases Stake in Nutrien Ltd. $NTR

Triasima Portfolio Management inc. lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 5.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 145,510 shares of the company’s stock after selling 9,090 shares during the quarter. Nutrien comprises approximately 1.3% of Triasima Portfolio Management inc.’s holdings, making the stock its 20th biggest position. Triasima Portfolio Management inc.’s holdings in Nutrien were worth $8,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Nutrien in the third quarter worth $37,000. Huntington National Bank raised its stake in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Nutrien during the second quarter valued at about $49,000. Finally, Acadian Asset Management LLC purchased a new stake in Nutrien during the first quarter worth about $54,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Performance

Shares of NTR opened at $67.07 on Tuesday. Nutrien Ltd. has a 52-week low of $45.78 and a 52-week high of $67.94. The stock’s 50-day simple moving average is $60.68 and its 200 day simple moving average is $58.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. The stock has a market capitalization of $32.33 billion, a price-to-earnings ratio of 18.19 and a beta of 0.72.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were paid a $0.545 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.18 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio is currently 58.76%.

Analyst Ratings Changes

A number of research analysts have weighed in on NTR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research note on Monday, December 29th. Bank of America reaffirmed a “neutral” rating and issued a $67.00 price target on shares of Nutrien in a report on Tuesday, October 14th. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a report on Saturday. Mizuho raised their target price on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average target price of $65.12.

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.