Lesa Sroufe & Co Takes Position in Nutrien Ltd. (NYSE:NTR)

Lesa Sroufe & Co bought a new stake in Nutrien Ltd. (NYSE:NTR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,552 shares of the company’s stock, valued at approximately $2,511,000. Nutrien accounts for approximately 2.5% of Lesa Sroufe & Co’s portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also modified their holdings of NTR. Fairway Wealth LLC acquired a new position in Nutrien in the 4th quarter valued at $27,000. Assetmark Inc. increased its stake in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares during the period. Principal Securities Inc. increased its stake in Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after buying an additional 540 shares during the period. GAMMA Investing LLC increased its stake in Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after buying an additional 1,022 shares during the period. Finally, Lindbrook Capital LLC increased its stake in Nutrien by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,247 shares of the company’s stock valued at $56,000 after buying an additional 419 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the subject of a number of research reports. Mizuho lifted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Barclays lifted their price target on shares of Nutrien from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lifted their price target on shares of Nutrien from $53.00 to $59.00 and gave the company a “sell” rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.44.

Nutrien Stock Performance

NTR opened at $62.82 on Tuesday. The firm has a market cap of $30.64 billion, a PE ratio of 45.86, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $56.67 and a 200-day simple moving average of $52.15. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion during 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 business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.47%. Nutrien’s payout ratio is 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.