Guardian Capital LP Sells 11,892 Shares of Nutrien Ltd. $NTR

Guardian Capital LP cut its position in shares of Nutrien Ltd. (NYSE:NTR) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 261,067 shares of the company’s stock after selling 11,892 shares during the quarter. Guardian Capital LP’s holdings in Nutrien were worth $15,335,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NTR. Smith Moore & CO. increased its stake in Nutrien by 2.2% in the 3rd quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after buying an additional 168 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of Nutrien by 0.6% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock worth $1,811,000 after buying an additional 185 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of Nutrien by 1.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock worth $619,000 after buying an additional 193 shares during the last quarter. AMG National Trust Bank grew its holdings in shares of Nutrien by 4.0% in the third quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock valued at $293,000 after acquiring an additional 193 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Nutrien by 1.5% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock valued at $772,000 after acquiring an additional 200 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of research analyst reports. Zacks Research downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Royal Bank Of Canada boosted their price objective on Nutrien from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. TD Securities raised their target price on Nutrien from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group lifted their target price on Nutrien from $60.00 to $74.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.82.

Nutrien Trading Up 2.5%

Shares of NTR stock opened at $76.26 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37. The firm has a market cap of $36.69 billion, a P/E ratio of 16.36 and a beta of 0.70. The company has a 50 day moving average of $68.48 and a 200-day moving average of $61.84. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $78.00.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the company posted $0.31 EPS. Nutrien’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s payout ratio is currently 46.78%.

Nutrien Profile

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.