K.J. Harrison & Partners Inc Acquires Shares of 75,327 Nutrien Ltd. $NTR

K.J. Harrison & Partners Inc acquired a new position in Nutrien Ltd. (NYSE:NTR) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 75,327 shares of the company’s stock, valued at approximately $4,736,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTR. Grandfield & Dodd LLC bought a new stake in shares of Nutrien in the second quarter worth $1,949,000. BlackRock Inc. acquired a new stake in Nutrien during the second quarter worth about $220,942,000. Deutsche Bank AG acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $588,720,000. Hikari Power Ltd acquired a new stake in Nutrien in the second quarter worth $9,443,000. Finally, AMG National Trust Bank bought a new stake in Nutrien in the 2nd quarter valued at about $465,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Performance

NTR opened at $68.33 on Tuesday. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The stock has a 50-day moving average of $65.94 and a 200-day moving average of $70.37. The company has a market cap of $32.69 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.68 and a beta of 0.61.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The firm had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the prior year, the business earned $2.65 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that Nutrien Ltd. will post 5.01 earnings per share for the current fiscal year.

Nutrien Announces Dividend

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 given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s payout ratio is currently 44.53%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NTR shares. Mizuho cut their target price on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Finally, UBS Group decreased their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.58.

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.