Nutrien Ltd. $NTR is Guardian Partners Inc.’s 10th Largest Position

Guardian Partners Inc. cut its position in Nutrien Ltd. (NYSE:NTR) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,388 shares of the company’s stock after selling 8,066 shares during the quarter. Nutrien accounts for 2.2% of Guardian Partners Inc.’s holdings, making the stock its 10th largest holding. Guardian Partners Inc.’s holdings in Nutrien were worth $26,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parvin Asset Management LLC lifted its stake in Nutrien by 4.0% during the 1st quarter. Parvin Asset Management LLC now owns 6,505 shares of the company’s stock worth $491,000 after acquiring an additional 250 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 77.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,743 shares of the company’s stock valued at $132,000 after acquiring an additional 760 shares during the period. Recurrent Investment Advisors LLC grew its position in Nutrien by 4.6% in the 1st quarter. Recurrent Investment Advisors LLC now owns 52,360 shares of the company’s stock valued at $3,951,000 after acquiring an additional 2,300 shares in the last quarter. Empowered Funds LLC grew its position in Nutrien by 688.1% in the 1st quarter. Empowered Funds LLC now owns 41,026 shares of the company’s stock valued at $3,096,000 after acquiring an additional 35,820 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Nutrien by 25.0% during the first quarter. Quantinno Capital Management LP now owns 107,693 shares of the company’s stock worth $8,119,000 after purchasing an additional 21,537 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NTR stock opened at $69.52 on Wednesday. The business’s 50-day moving average is $66.40 and its two-hundred day moving average is $70.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The firm has a market capitalization of $33.26 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.66 and a beta of 0.62. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts anticipate that Nutrien Ltd. will post 5.08 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were paid a $0.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. Nutrien’s payout ratio is currently 44.81%.

Wall Street Analysts Forecast Growth

NTR has been the subject of several recent research reports. Canadian Imperial Bank of Commerce lowered their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research note on Thursday, April 30th. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the stock a “hold” rating in a research note on Wednesday, June 10th. TD Securities reiterated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.84.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.