PCJ Investment Counsel Ltd. lifted its holdings in Nutrien Ltd (NYSE:NTR) by 9.3% during the third quarter, Holdings Channel reports. The institutional investor owned 667,351 shares of the company’s stock after acquiring an additional 56,720 shares during the quarter. Nutrien comprises approximately 3.1% of PCJ Investment Counsel Ltd.’s holdings, making the stock its 13th biggest position. PCJ Investment Counsel Ltd.’s holdings in Nutrien were worth $38,505,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in NTR. 10 15 Associates Inc. lifted its stake in Nutrien by 1.8% in the second quarter. 10 15 Associates Inc. now owns 50,192 shares of the company’s stock valued at $2,729,000 after purchasing an additional 897 shares during the last quarter. Morningstar Investment Services LLC raised its holdings in Nutrien by 6.8% during the 2nd quarter. Morningstar Investment Services LLC now owns 14,693 shares of the company’s stock valued at $799,000 after acquiring an additional 933 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Nutrien by 28.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,344 shares of the company’s stock valued at $251,000 after acquiring an additional 962 shares during the period. Fairfield Bush & CO. raised its holdings in Nutrien by 8.2% during the 2nd quarter. Fairfield Bush & CO. now owns 13,182 shares of the company’s stock valued at $717,000 after acquiring an additional 1,000 shares during the period. Finally, Hellman Jordan Management Co. Inc. MA raised its holdings in Nutrien by 4.4% during the 2nd quarter. Hellman Jordan Management Co. Inc. MA now owns 23,746 shares of the company’s stock valued at $1,291,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 66.70% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Royal Bank of Canada set a $65.00 target price on shares of Nutrien and gave the company a “buy” rating in a report on Tuesday, October 2nd. Scotiabank cut shares of Nutrien from a “focus list” rating to an “outperform” rating in a report on Thursday, September 20th. BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of Nutrien in a report on Wednesday, September 19th. UBS Group boosted their target price on shares of Nutrien from $63.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, Stephens set a $68.00 target price on shares of Nutrien and gave the company a “buy” rating in a report on Thursday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Nutrien currently has a consensus rating of “Buy” and a consensus price target of $62.67.
Shares of Nutrien stock traded down $0.65 during trading on Thursday, hitting $50.56. The stock had a trading volume of 38,053 shares, compared to its average volume of 1,330,236. The stock has a market cap of $31.35 billion, a P/E ratio of 40.97, a PEG ratio of 1.84 and a beta of 0.75. Nutrien Ltd has a 12 month low of $40.41 and a 12 month high of $58.99.
Nutrien (NYSE:NTR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The company’s revenue was up 226.9% on a year-over-year basis. As a group, equities research analysts forecast that Nutrien Ltd will post 2.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Monday, December 31st will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.72 annualized dividend and a dividend yield of 3.40%. This is a boost from Nutrien’s previous quarterly dividend of $0.40.
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Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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