Cumberland Partners Ltd Has $3.99 Million Holdings in Nutrien Ltd. $NTR

Cumberland Partners Ltd lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 29.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,000 shares of the company’s stock after selling 22,650 shares during the period. Cumberland Partners Ltd’s holdings in Nutrien were worth $3,988,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NTR. Vanguard Group Inc. raised its stake in Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after acquiring an additional 479,834 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after purchasing an additional 70,068 shares during the last quarter. Deutsche Bank AG increased its position in shares of Nutrien by 2.0% during the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after purchasing an additional 189,683 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on NTR. Royal Bank Of Canada upped their price objective on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. UBS Group cut their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Morgan Stanley reduced their target price on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Oppenheimer cut their price objective on Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.89.

Nutrien Stock Down 0.5%

Shares of NYSE:NTR opened at $68.18 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a market cap of $32.61 billion, a P/E ratio of 13.89, a P/E/G ratio of 0.67 and a beta of 0.62. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company’s 50-day moving average price is $66.52 and its two-hundred day moving average price is $70.04.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company 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 firm posted $0.11 earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. As a group, research analysts forecast that Nutrien Ltd. will post 5.11 EPS for the current fiscal year.

Nutrien Announces Dividend

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

Nutrien Company 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.