Nutrien Ltd. (NYSE:NTR) Shares Bought by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 564,078 shares of the company’s stock after acquiring an additional 23,117 shares during the quarter. Nutrien comprises approximately 1.1% of Cardinal Capital Management Inc.’s holdings, making the stock its 28th biggest holding. Cardinal Capital Management Inc. owned approximately 0.11% of Nutrien worth $27,139,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in Nutrien in the 4th quarter worth approximately $421,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Nutrien during the 4th quarter valued at $2,726,000. Wellington Management Group LLP lifted its holdings in Nutrien by 54.3% in the 4th quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after buying an additional 296,122 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Nutrien in the 4th quarter valued at about $233,000. Finally, Vanguard Group Inc. grew its stake in shares of Nutrien by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock valued at $1,025,790,000 after acquiring an additional 158,161 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.0 %

NYSE NTR opened at $49.05 on Friday. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $62.53. The company has a market capitalization of $24.27 billion, a P/E ratio of 30.66, a PEG ratio of 1.60 and a beta of 0.82. The company’s 50 day simple moving average is $47.51 and its 200 day simple moving average is $51.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. Nutrien’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the company posted $2.53 EPS. Equities research analysts expect that Nutrien Ltd. will post 3.83 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.40%. Nutrien’s dividend payout ratio (DPR) is presently 135.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NTR. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Hsbc Global Res downgraded shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. TD Securities reduced their price target on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. UBS Group lowered Nutrien from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $51.00 in a report on Thursday. Finally, Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $62.00 to $50.00 in a research report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.67.

Nutrien Company 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.