Sanctuary Advisors LLC Increases Stock Position in Nutrien Ltd. (NYSE:NTR)

Sanctuary Advisors LLC boosted its holdings in Nutrien Ltd. (NYSE:NTR) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,815 shares of the company’s stock after purchasing an additional 4,028 shares during the quarter. Sanctuary Advisors LLC’s holdings in Nutrien were worth $1,647,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nutrien in the third quarter valued at about $150,181,000. ARGA Investment Management LP increased its position in Nutrien by 25.7% in the 4th 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. Clal Insurance Enterprises Holdings Ltd raised its stake in Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after acquiring an additional 1,100,000 shares during the last quarter. Silchester International Investors LLP lifted its position in Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after acquiring an additional 1,009,895 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Nutrien by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after purchasing an additional 447,413 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 1.0 %

NTR opened at $52.05 on Tuesday. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 1.19 and a beta of 0.81. The business’s fifty day moving average is $49.51 and its two-hundred day moving average is $48.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

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

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.19%. Nutrien’s dividend payout ratio is presently 159.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTR. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Mizuho upped their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. TD Securities reduced their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Piper Sandler boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, UBS Group raised their price objective on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.50.

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.