Hillsdale Investment Management Inc. Has $13.34 Million Stock Holdings in Nutrien Ltd. $NTR

Hillsdale Investment Management Inc. decreased its stake in Nutrien Ltd. (NYSE:NTR) by 16.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 176,725 shares of the company’s stock after selling 35,595 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Nutrien were worth $13,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NTR. AMG National Trust Bank boosted its position in Nutrien by 19.8% during the first quarter. AMG National Trust Bank now owns 7,302 shares of the company’s stock valued at $551,000 after purchasing an additional 1,205 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in Nutrien by 59.1% in the first quarter. Legacy Capital Group California Inc. now owns 17,705 shares of the company’s stock valued at $1,336,000 after purchasing an additional 6,576 shares in the last quarter. Bryn Mawr Trust Advisors LLC grew its stake in Nutrien by 0.3% in the first quarter. Bryn Mawr Trust Advisors LLC now owns 132,025 shares of the company’s stock valued at $9,962,000 after purchasing an additional 344 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Nutrien by 19.0% during the 1st quarter. Bleakley Financial Group LLC now owns 73,498 shares of the company’s stock worth $5,546,000 after purchasing an additional 11,739 shares during the last quarter. Finally, Illumine Investment Management LLC bought a new stake in shares of Nutrien during the 1st quarter worth approximately $952,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Oppenheimer increased their price objective on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. BMO Capital Markets boosted their target price on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Morgan Stanley dropped their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Thursday, April 30th. Finally, Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.61.

Nutrien Price Performance

NYSE:NTR opened at $67.64 on Tuesday. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The firm has a market capitalization of $32.42 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.63 and a beta of 0.62. The stock’s 50 day moving average price is $67.23 and its two-hundred day moving average price is $69.77. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. On average, analysts anticipate that Nutrien Ltd. will post 5.19 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a 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.