Nutrien Ltd. (NYSE:NTR) Shares Acquired by Addenda Capital Inc.

Addenda Capital Inc. raised its position in shares of Nutrien Ltd. (NYSE:NTRGet Rating) by 29.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 813,239 shares of the company’s stock after purchasing an additional 186,839 shares during the period. Nutrien makes up approximately 4.3% of Addenda Capital Inc.’s investment portfolio, making the stock its 6th biggest position. Addenda Capital Inc. owned 0.15% of Nutrien worth $105,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of Nutrien by 38.3% during the third quarter. Bank of New York Mellon Corp now owns 1,306,045 shares of the company’s stock worth $84,671,000 after buying an additional 361,614 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Nutrien by 74.5% during the fourth quarter. Schroder Investment Management Group now owns 288,400 shares of the company’s stock worth $26,048,000 after buying an additional 123,147 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Nutrien by 72.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 85,722 shares of the company’s stock worth $6,446,000 after buying an additional 35,873 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Nutrien by 12.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 20,390 shares of the company’s stock worth $1,534,000 after buying an additional 2,274 shares in the last quarter. Finally, Yousif Capital Management LLC acquired a new position in shares of Nutrien during the fourth quarter worth $664,000. Institutional investors and hedge funds own 64.39% of the company’s stock.

Shares of NTR traded down $4.98 on Thursday, reaching $81.30. The company’s stock had a trading volume of 209,193 shares, compared to its average volume of 3,413,810. The company has a current ratio of 1.14, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $44.83 billion, a PE ratio of 11.08, a PEG ratio of 0.64 and a beta of 0.87. Nutrien Ltd. has a twelve month low of $57.08 and a twelve month high of $117.25. The firm has a fifty day moving average of $97.51 and a 200-day moving average of $87.86.

Nutrien (NYSE:NTRGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.59 by $0.11. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.77 billion. Nutrien had a net margin of 14.34% and a return on equity of 20.55%. As a group, equities analysts anticipate that Nutrien Ltd. will post 16.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.92 annualized dividend and a yield of 2.36%. Nutrien’s dividend payout ratio (DPR) is 24.65%.

Several research analysts have recently issued reports on the stock. Berenberg Bank set a $120.00 price target on shares of Nutrien in a report on Friday, March 25th. Scotiabank cut shares of Nutrien from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, March 28th. UBS Group set a $94.00 price objective on shares of Nutrien in a research note on Monday, February 28th. Stifel Nicolaus boosted their price objective on shares of Nutrien from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, March 1st. Finally, started coverage on shares of Nutrien in a research note on Thursday, April 14th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and a consensus target price of $105.84.

About Nutrien (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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