K.J. Harrison & Partners Inc Cuts Position in Nutrien Ltd. (NYSE:NTR)

K.J. Harrison & Partners Inc lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 73.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,471 shares of the company’s stock after selling 40,089 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Nutrien were worth $817,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new stake in shares of Nutrien during the 3rd quarter valued at about $27,000. U.S. Capital Wealth Advisors LLC increased its stake in Nutrien by 2.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 49,762 shares of the company’s stock worth $3,073,000 after buying an additional 1,390 shares during the period. Manning & Napier Group LLC increased its stake in Nutrien by 3.4% during the 3rd quarter. Manning & Napier Group LLC now owns 49,165 shares of the company’s stock worth $3,036,000 after buying an additional 1,624 shares during the period. Bfsg LLC grew its stake in shares of Nutrien by 9.8% during the third quarter. Bfsg LLC now owns 29,028 shares of the company’s stock valued at $1,793,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Ascent Wealth Partners LLC lifted its stake in shares of Nutrien by 2.1% in the third quarter. Ascent Wealth Partners LLC now owns 12,300 shares of the company’s stock worth $760,000 after acquiring an additional 250 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Wolfe Research began coverage on Nutrien in a report on Friday, March 1st. They issued an “outperform” rating and a $66.00 price target for the company. Stifel Nicolaus raised their price objective on Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. The Goldman Sachs Group dropped their target price on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, TD Securities decreased their price target on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.95.

Nutrien Stock Up 1.0 %

Shares of NYSE NTR traded up $0.50 during trading hours on Friday, hitting $52.55. The stock had a trading volume of 1,227,851 shares, compared to its average volume of 1,711,381. The company has a market capitalization of $25.99 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.95 and a beta of 0.89. The firm’s 50-day moving average price is $53.23 and its two-hundred day moving average price is $54.09. Nutrien Ltd. has a 52 week low of $47.90 and a 52 week high of $70.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate 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 company earned $2.02 EPS. Analysts anticipate that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.11%. Nutrien’s payout ratio is 85.38%.

About Nutrien

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.