Nutrien Ltd. $NTR Holdings Reduced by Guardian Partners Inc.

Guardian Partners Inc. lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 350,388 shares of the company’s stock after selling 8,066 shares during the period. Nutrien accounts for 2.2% of Guardian Partners Inc.’s investment portfolio, making the stock its 10th largest position. Guardian Partners Inc. owned 0.07% of Nutrien worth $26,444,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in NTR. Parvin Asset Management LLC increased its stake in shares of Nutrien by 4.0% in the 1st quarter. Parvin Asset Management LLC now owns 6,505 shares of the company’s stock worth $491,000 after acquiring an additional 250 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Nutrien by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,743 shares of the company’s stock worth $132,000 after acquiring an additional 760 shares during the period. Recurrent Investment Advisors LLC boosted its position in shares of Nutrien by 4.6% during the 1st quarter. Recurrent Investment Advisors LLC now owns 52,360 shares of the company’s stock valued at $3,951,000 after acquiring an additional 2,300 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Nutrien by 688.1% during the 1st quarter. Empowered Funds LLC now owns 41,026 shares of the company’s stock valued at $3,096,000 after acquiring an additional 35,820 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Nutrien by 25.0% in the first quarter. Quantinno Capital Management LP now owns 107,693 shares of the company’s stock valued at $8,119,000 after purchasing an additional 21,537 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 3.2%

Shares of NTR opened at $69.52 on Wednesday. The company’s 50-day moving average price is $66.40 and its 200 day moving average price is $70.21. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. 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 firm has a market cap of $33.26 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.62.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share 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 analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. On average, sell-side analysts forecast that Nutrien Ltd. will post 5.08 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTR. Royal Bank Of Canada raised their price objective on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. increased their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Mizuho cut their price target on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.84.

Nutrien Company Profile

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.