Nutrien Ltd. $NTR Stock Sold by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 311,425 shares of the company’s stock after selling 8,888 shares during the period. Nutrien accounts for 2.8% of MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings, making the stock its 13th largest position. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Nutrien were worth $21,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of NTR. Bryn Mawr Trust Advisors LLC bought a new position in shares of Nutrien during the second quarter valued at $8,363,000. Engineers Gate Manager LP boosted its stake in shares of Nutrien by 665.4% in the 2nd quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock valued at $4,274,000 after purchasing an additional 59,018 shares in the last quarter. Andra AP fonden grew its holdings in shares of Nutrien by 419.9% in the 2nd quarter. Andra AP fonden now owns 141,395 shares of the company’s stock worth $8,901,000 after purchasing an additional 114,200 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Nutrien in the 2nd quarter worth about $220,942,000. Finally, Nykredit A S bought a new stake in shares of Nutrien in the 2nd quarter worth about $8,980,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the subject of a number of recent analyst reports. Mizuho dropped their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Oppenheimer reduced their price target on shares of Nutrien from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Raymond James Financial decreased their price objective on shares of Nutrien from $90.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, set a $85.00 price objective on shares of Nutrien and gave the stock an “outperform” rating in a report on Monday, October 5th. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.24.

Nutrien Price Performance

Nutrien stock opened at $68.98 on Thursday. The business’s fifty day moving average is $73.25 and its two-hundred day moving average is $70.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The firm has a market cap of $32.84 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.76 and a beta of 0.68. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter last year, the business posted $2.65 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Nutrien Ltd. will post 4.56 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. Nutrien’s dividend payout ratio is currently 44.53%.

Nutrien Company Profile