Nutrien Ltd. (NYSE:NTR) Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc raised its holdings in Nutrien Ltd. (NYSE:NTR) by 119.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,600 shares of the company’s stock after purchasing an additional 18,840 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Nutrien were worth $1,566,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NTR. Uncommon Cents Investing LLC lifted its position in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after buying an additional 235 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after acquiring an additional 247 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nutrien by 6.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after acquiring an additional 263 shares during the last quarter. FFT Wealth Management LLC increased its holdings in Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after purchasing an additional 277 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its position in Nutrien by 4.2% in the third quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock valued at $344,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 0.6 %

NTR stock opened at $53.21 on Thursday. The company has a market cap of $26.06 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company has a fifty day moving average price of $49.82 and a 200 day moving average price of $48.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is currently 159.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NTR shares. Wells Fargo & Company raised their price target on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Barclays reissued an “equal weight” rating and set a $56.00 price target (up previously from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Oppenheimer began coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, Scotiabank increased their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

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.