Minot DeBlois Advisors LLC Takes $400,000 Position in Nutrien Ltd. (NYSE:NTR)

Minot DeBlois Advisors LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,933 shares of the company’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covea Finance increased its position in Nutrien by 21.9% during the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock worth $2,485,000 after acquiring an additional 10,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in Nutrien by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company’s stock worth $84,367,000 after acquiring an additional 144,025 shares during the period. Van ECK Associates Corp increased its position in Nutrien by 5.7% during the fourth quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company’s stock worth $66,264,000 after acquiring an additional 80,382 shares during the period. Secured Retirement Advisors LLC bought a new position in Nutrien during the fourth quarter worth $654,000. Finally, Abel Hall LLC bought a new position in Nutrien during the fourth quarter worth $276,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NTR shares. Wells Fargo & Company boosted their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Monday. Oppenheimer lowered their price target on shares of Nutrien from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Piper Sandler boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and a consensus target price of $60.87.

Nutrien Stock Up 0.9%

Shares of NYSE NTR opened at $56.15 on Tuesday. The firm’s 50-day simple moving average is $52.10 and its 200 day simple moving average is $50.03. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. On average, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.88%. Nutrien’s dividend payout ratio is currently 203.74%.

Nutrien Company 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.