Harvest Portfolios Group Inc. Grows Stock Holdings in Nutrien Ltd. $NTR

Harvest Portfolios Group Inc. boosted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,147 shares of the company’s stock after buying an additional 8,359 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Nutrien were worth $3,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cascade Investment Advisors Inc. grew its holdings 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 acquiring an additional 185 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in Nutrien by 1.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock worth $619,000 after purchasing an additional 193 shares during the last quarter. AMG National Trust Bank boosted its position in Nutrien by 4.0% during the third quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock worth $293,000 after purchasing an additional 193 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in 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 purchasing an additional 200 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Nutrien by 27.7% in the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock valued at $55,000 after purchasing an additional 203 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

Nutrien stock opened at $75.07 on Friday. The stock has a market capitalization of $36.12 billion, a P/E ratio of 16.11 and a beta of 0.73. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $75.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70. The firm’s 50-day moving average is $67.31 and its two-hundred day moving average is $61.25.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the company posted $0.31 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 31st. Nutrien’s payout ratio is 46.78%.

Analyst Ratings Changes

Several equities research analysts recently commented on NTR shares. BNP Paribas Exane lowered shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Raymond James Financial upped their price target on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.24.

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.