Lesa Sroufe & Co Has $2.98 Million Stake in Nutrien Ltd. (NYSE:NTR)

Lesa Sroufe & Co boosted its holdings in Nutrien Ltd. (NYSE:NTR) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,813 shares of the company’s stock after acquiring an additional 465 shares during the quarter. Nutrien accounts for about 3.0% of Lesa Sroufe & Co’s holdings, making the stock its 11th biggest position. Lesa Sroufe & Co’s holdings in Nutrien were worth $2,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS increased its holdings in Nutrien by 15.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,000 shares of the company’s stock worth $8,450,000 after buying an additional 20,000 shares during the last quarter. Mraz Amerine & Associates Inc. raised its holdings in shares of Nutrien by 8.0% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 18,535 shares of the company’s stock worth $1,044,000 after purchasing an additional 1,369 shares during the period. Goodman Advisory Group LLC purchased a new position in Nutrien in the fourth quarter valued at approximately $429,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Nutrien by 70.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 416,127 shares of the company’s stock valued at $23,558,000 after purchasing an additional 171,699 shares during the period. Finally, Bourgeon Capital Management LLC purchased a new stake in Nutrien in the fourth quarter worth $79,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $52.27 on Wednesday. The stock’s 50-day simple moving average is $53.10 and its two-hundred day simple moving average is $54.17. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $71.54. The firm has a market capitalization of $25.85 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.95 and a beta of 0.89. The company has a quick ratio of 0.65, a current ratio of 1.17 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.02 EPS. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $0.54 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.13%. Nutrien’s dividend payout ratio is presently 85.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTR. Berenberg Bank dropped their price target on Nutrien from $67.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, February 8th. Royal Bank of Canada reduced their target price on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Stifel Nicolaus boosted their price target on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $58.00 to $48.00 in a report on Friday, February 23rd. Finally, BMO Capital Markets reduced their price objective on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.95.

Nutrien 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.