Nutrien Ltd. $NTR Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,452 shares of the company’s stock after selling 420 shares during the quarter. Nutrien makes up about 1.5% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Foundation Resource Management Inc.’s holdings in Nutrien were worth $9,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. grew its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares in the last quarter. Allworth Financial LP lifted its stake in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC lifted its stake in Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Nutrien during the first quarter worth $54,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Up 0.6%

Shares of NTR opened at $56.58 on Monday. The business’s 50-day moving average price is $57.95 and its 200 day moving average price is $56.54. The stock has a market capitalization of $27.45 billion, a P/E ratio of 20.28, a P/E/G ratio of 0.93 and a beta of 0.77. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $2.34 EPS. Analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.9%. Nutrien’s dividend payout ratio (DPR) is currently 78.14%.

Wall Street Analysts Forecast Growth

NTR has been the topic of several research analyst reports. TD Securities raised their price objective on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. National Bank Financial initiated coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th. Barclays raised their price objective on Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Finally, National Bankshares initiated coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.39.

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.