Cidel Asset Management Inc. Has $52.97 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Cidel Asset Management Inc. raised its holdings in Nutrien Ltd. (NYSE:NTR) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 873,266 shares of the company’s stock after acquiring an additional 1,503 shares during the quarter. Nutrien comprises approximately 2.1% of Cidel Asset Management Inc.’s holdings, making the stock its 15th largest position. Cidel Asset Management Inc.’s holdings in Nutrien were worth $52,969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TD Asset Management Inc. lifted its stake in Nutrien by 7.5% in the first quarter. TD Asset Management Inc. now owns 10,324,902 shares of the company’s stock valued at $556,155,000 after acquiring an additional 723,945 shares during the last quarter. Bank of Montreal Can lifted its stake in Nutrien by 2.4% in the first quarter. Bank of Montreal Can now owns 10,223,183 shares of the company’s stock valued at $559,003,000 after acquiring an additional 237,367 shares during the last quarter. Bank of Nova Scotia lifted its stake in Nutrien by 15.8% in the first quarter. Bank of Nova Scotia now owns 7,989,823 shares of the company’s stock valued at $430,355,000 after acquiring an additional 1,092,191 shares during the last quarter. FIL Ltd lifted its stake in Nutrien by 34.7% in the first quarter. FIL Ltd now owns 7,267,559 shares of the company’s stock valued at $391,512,000 after acquiring an additional 1,872,063 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Nutrien by 2,177,681.5% in the first quarter. Canada Pension Plan Investment Board now owns 5,880,010 shares of the company’s stock valued at $316,726,000 after acquiring an additional 5,879,740 shares during the last quarter. Hedge funds and other institutional investors own 61.47% of the company’s stock.

Nutrien stock traded up $1.83 on Wednesday, hitting $62.87. The company’s stock had a trading volume of 65,815 shares, compared to its average volume of 1,904,120. The firm has a market cap of $35.90 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $60.49 and a 200-day moving average price of $59.15. Nutrien Ltd. has a one year low of $37.51 and a one year high of $65.93.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Monday, August 9th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($0.02). The business had revenue of $9.76 billion during the quarter, compared to the consensus estimate of $9.65 billion. Nutrien had a net margin of 4.25% and a return on equity of 7.23%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. Analysts anticipate that Nutrien Ltd. will post 4.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 102.22%.

A number of analysts have recently weighed in on NTR shares. Morgan Stanley boosted their price objective on shares of Nutrien from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 16th. Raymond James cut shares of Nutrien from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $75.00 to $82.00 in a research note on Tuesday, June 15th. Royal Bank of Canada boosted their price objective on shares of Nutrien from $69.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 11th. Zacks Investment Research upgraded shares of Nutrien from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, May 28th. Finally, Susquehanna Bancshares upgraded shares of Nutrien from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Tuesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $70.46.

Nutrien Company Profile

Nutrien Ltd. is a crop nutrient company, which engages in the production and distribution of products for agricultural, industrial, and feed customer. It operates through the following segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seed, and merchandise.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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