Lesa Sroufe & Co trimmed its holdings in Nutrien Ltd (NYSE:NTR) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,927 shares of the company’s stock after selling 1,315 shares during the period. Nutrien accounts for 4.3% of Lesa Sroufe & Co’s holdings, making the stock its 2nd largest position. Lesa Sroufe & Co’s holdings in Nutrien were worth $4,808,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTR. Boston Partners raised its position in Nutrien by 39.4% during the first quarter. Boston Partners now owns 12,584,872 shares of the company’s stock valued at $663,978,000 after purchasing an additional 3,556,556 shares in the last quarter. Cambiar Investors LLC acquired a new position in shares of Nutrien during the second quarter worth $166,998,000. Toronto Dominion Bank increased its holdings in shares of Nutrien by 94.6% during the first quarter. Toronto Dominion Bank now owns 5,494,159 shares of the company’s stock worth $289,969,000 after buying an additional 2,671,293 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Nutrien during the first quarter worth $74,114,000. Finally, Thornburg Investment Management Inc. increased its holdings in shares of Nutrien by 91.7% during the first quarter. Thornburg Investment Management Inc. now owns 1,426,652 shares of the company’s stock worth $75,270,000 after buying an additional 682,387 shares in the last quarter. Institutional investors own 67.83% of the company’s stock.
Several research analysts have recently issued reports on the stock. BMO Capital Markets set a $60.00 price target on shares of Nutrien and gave the stock a “buy” rating in a report on Wednesday, July 31st. Cowen reissued an “outperform” rating and issued a $63.00 price objective (down previously from $66.00) on shares of Nutrien in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. TD Securities boosted their price objective on shares of Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup set a $61.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nutrien presently has an average rating of “Buy” and an average target price of $62.00.
Nutrien (NYSE:NTR) last issued its quarterly earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion for the quarter, compared to analyst estimates of $8.17 billion. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, research analysts forecast that Nutrien Ltd will post 2.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, September 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio is 63.94%.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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