Nutrien Ltd. (NYSE:NTR) Shares Acquired by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. grew its stake in Nutrien Ltd. (NYSE:NTR) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,902 shares of the company’s stock after purchasing an additional 8,758 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Nutrien were worth $9,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new stake in Nutrien in the 1st quarter valued at $35,000. Exchange Traded Concepts LLC grew its holdings in shares of Nutrien by 904.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the period. Evolution Advisers Inc. acquired a new stake in Nutrien during the fourth quarter worth about $49,000. CVA Family Office LLC purchased a new position in Nutrien during the fourth quarter worth about $57,000. Finally, Parallel Advisors LLC boosted its holdings in Nutrien by 41.0% in the 4th quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NTR. Piper Sandler cut their price target on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Wells Fargo & Company raised their target price on Nutrien from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Scotiabank decreased their price target on Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. Mizuho raised their price objective on Nutrien from $54.00 to $56.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Finally, Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $66.00 in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.28.

Nutrien Stock Down 0.4 %

NYSE:NTR traded down $0.19 during midday trading on Tuesday, reaching $49.98. The company had a trading volume of 2,009,269 shares, compared to its average volume of 1,871,857. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $69.12. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.66 and a beta of 0.83. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $54.85 and its 200-day simple moving average is $53.68.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.84 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s dividend payout ratio is presently 126.32%.

Nutrien 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.