Lesa Sroufe & Co Has $2.98 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Lesa Sroufe & Co increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,813 shares of the company’s stock after buying an additional 465 shares during the quarter. Nutrien accounts for approximately 3.0% of Lesa Sroufe & Co’s holdings, making the stock its 11th largest holding. Lesa Sroufe & Co’s holdings in Nutrien were worth $2,976,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTR. Legacy Financial Group LLC bought a new position in Nutrien in the third quarter valued at approximately $28,000. GHP Investment Advisors Inc. acquired a new position in Nutrien in the 3rd quarter worth $27,000. Exchange Traded Concepts LLC boosted its stake in Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after purchasing an additional 678 shares during the period. NBC Securities Inc. bought a new position in Nutrien during the 3rd quarter worth about $58,000. Finally, Andra AP fonden acquired a new stake in shares of Nutrien in the 3rd quarter valued at about $62,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. HSBC reduced their price objective on Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a research report on Friday, March 8th. JPMorgan Chase & Co. cut shares of Nutrien from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $58.00 to $48.00 in a research note on Friday, February 23rd. Piper Sandler lowered shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $68.00 to $54.00 in a research report on Thursday, February 29th. Jefferies Financial Group initiated coverage on shares of Nutrien in a research report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 target price for the company. Finally, CIBC cut their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.95.

Nutrien Trading Down 0.1 %

Shares of Nutrien stock opened at $52.27 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. The business has a fifty day simple moving average of $53.10 and a two-hundred day simple moving average of $54.17. Nutrien Ltd. has a 1 year low of $47.90 and a 1 year high of $71.54. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.95 and a beta of 0.89.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business’s quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.02 EPS. Research analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $0.54 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.13%. Nutrien’s dividend payout ratio is presently 85.38%.

About Nutrien

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.