Nutrien Ltd. $NTR Shares Acquired by Lesa Sroufe & Co

Lesa Sroufe & Co increased its holdings in Nutrien Ltd. (NYSE:NTR) by 1.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 51,097 shares of the company’s stock after acquiring an additional 545 shares during the quarter. Nutrien comprises approximately 2.7% of Lesa Sroufe & Co’s investment portfolio, making the stock its 11th largest holding. Lesa Sroufe & Co’s holdings in Nutrien were worth $2,976,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NTR. JPMorgan Chase & Co. raised its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock valued at $347,319,000 after acquiring an additional 2,291,518 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Nutrien by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock valued at $1,051,709,000 after acquiring an additional 1,412,503 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after acquiring an additional 1,284,181 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Nutrien during the 1st quarter valued at approximately $63,542,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Nutrien by 16.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,554,638 shares of the company’s stock valued at $326,927,000 after acquiring an additional 927,041 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 0.1%

Shares of Nutrien stock opened at $58.08 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $57.72 and its 200-day simple moving average is $57.42. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 0.94 and a beta of 0.82. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period last year, the firm earned $2.34 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is currently 78.14%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NTR. Bank of America reissued a “neutral” rating and set a $67.00 price target on shares of Nutrien in a research report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. Wall Street Zen cut Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Oppenheimer increased their price target on Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price target on Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.61.

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.