Nutrien Ltd. $NTR Shares Sold by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. cut its holdings in Nutrien Ltd. (NYSE:NTR) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,452 shares of the company’s stock after selling 24,450 shares during the period. Cardinal Capital Management Inc.’s holdings in Nutrien were worth $28,260,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after acquiring an additional 13,313,817 shares during the last quarter. Norges Bank acquired a new stake in shares of Nutrien in the fourth quarter valued at approximately $412,635,000. TD Asset Management Inc grew its position in shares of Nutrien by 21.2% in the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. DJE Kapital AG increased its stake in shares of Nutrien by 1,373.6% during the 1st quarter. DJE Kapital AG now owns 1,534,869 shares of the company’s stock worth $116,111,000 after purchasing an additional 1,430,708 shares in the last quarter. Finally, Canoe Financial LP purchased a new position in shares of Nutrien during the 1st quarter worth approximately $99,603,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTR has been the topic of a number of recent research reports. Weiss Ratings raised Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Berenberg Bank set a $65.00 price target on Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. UBS Group cut their price target on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a report on Monday, May 11th. Barclays reduced their price objective on Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average price target of $81.58.

Nutrien Stock Performance

NYSE:NTR opened at $67.18 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The firm has a market cap of $32.14 billion, a PE ratio of 13.60, a P/E/G ratio of 0.66 and a beta of 0.61. The firm has a 50 day simple moving average of $65.97 and a 200-day simple moving average of $70.43. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.65 EPS. On average, equities analysts expect that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio is currently 44.53%.

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.