Banque Cantonale Vaudoise Reduces Holdings in Nutrien Ltd. (NYSE:NTR)

Banque Cantonale Vaudoise reduced its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,788 shares of the company’s stock after selling 370 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Nutrien were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. grew its holdings in shares of Nutrien by 23.2% during the first quarter. Cardinal Capital Management Inc. now owns 542,380 shares of the company’s stock worth $29,488,000 after buying an additional 102,155 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Nutrien during the first quarter worth about $155,000. Moody National Bank Trust Division grew its holdings in shares of Nutrien by 1.7% during the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock worth $683,000 after buying an additional 208 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Nutrien by 3.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,332 shares of the company’s stock worth $807,000 after buying an additional 432 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. grew its holdings in shares of Nutrien by 716.2% during the fourth quarter. Grayhawk Investment Strategies Inc. now owns 25,930 shares of the company’s stock worth $1,461,000 after buying an additional 22,753 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Down 0.7 %

Shares of NYSE:NTR opened at $51.57 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $54.92 and a 200 day simple moving average of $53.80. The firm has a market cap of $25.51 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $69.12.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.9 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.19%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $66.00 in a report on Monday, April 29th. HSBC lowered their price target on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. Piper Sandler decreased their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Wolfe Research began coverage on shares of Nutrien in a research report on Friday, March 1st. They issued an “outperform” rating and a $66.00 target price on the stock. Finally, Mizuho raised their target price on shares of Nutrien from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.28.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.