Fiera Capital Corp Has $40.41 Million Stake in Nutrien Ltd. $NTR

Fiera Capital Corp trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 21.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 654,487 shares of the company’s stock after selling 178,330 shares during the period. Fiera Capital Corp’s holdings in Nutrien were worth $40,411,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. increased its position in Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Eastern Bank increased its position in Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Harbour Investments Inc. increased its position in Nutrien by 97.2% during the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in Nutrien during the third quarter worth $46,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Up 0.3%

NTR stock opened at $67.40 on Tuesday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a market cap of $32.35 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60. The business’s 50-day simple moving average is $72.09 and its 200 day simple moving average is $68.97. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last released 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 return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NTR shares. Morgan Stanley increased their target price on shares of Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada raised their price target on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Finally, BMO Capital Markets raised their price target on Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

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.