Atria Investments Inc Reduces Position in Nutrien Ltd. (NYSE:NTR)

Atria Investments Inc cut its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,605 shares of the company’s stock after selling 3,031 shares during the period. Atria Investments Inc’s holdings in Nutrien were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Silchester International Investors LLP boosted its position in shares of Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after buying an additional 1,009,895 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after acquiring an additional 1,236,671 shares during the period. National Bank of Canada FI lifted its holdings in Nutrien by 4.1% in the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after acquiring an additional 165,582 shares during the period. Toronto Dominion Bank lifted its holdings in Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after acquiring an additional 447,413 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Nutrien in the third quarter valued at about $150,181,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group increased their target price on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Mizuho increased their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Barclays raised their price objective on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Finally, CIBC raised their price objective on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Nutrien currently has an average rating of “Hold” and an average price target of $60.13.

Nutrien Stock Up 1.5 %

Shares of NTR opened at $50.82 on Friday. The business’s 50 day moving average is $51.26 and its 200 day moving average is $48.68. The company has a market capitalization of $24.86 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio is presently 159.12%.

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.