Nutrien Ltd. $NTR Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 7.2% during the third quarter, Holdings Channel reports. The institutional investor owned 109,503 shares of the company’s stock after selling 8,470 shares during the quarter. Nutrien comprises about 1.3% of Louisbourg Investments Inc.’s portfolio, making the stock its 28th largest holding. Louisbourg Investments Inc.’s holdings in Nutrien were worth $6,429,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC grew its holdings in Nutrien by 1.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock worth $772,000 after acquiring an additional 200 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of Nutrien by 69.2% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 2,679 shares of the company’s stock worth $157,000 after purchasing an additional 1,096 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Nutrien during the second quarter worth $212,000. Neuberger Berman Group LLC increased its holdings in Nutrien by 22.2% in the second quarter. Neuberger Berman Group LLC now owns 231,849 shares of the company’s stock valued at $13,484,000 after buying an additional 42,142 shares during the last quarter. Finally, Marex Group plc purchased a new position in Nutrien in the second quarter valued at $2,353,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $62.29 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The stock has a 50 day moving average of $58.14 and a two-hundred day moving average of $58.62. The stock has a market cap of $30.12 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.71 and a beta of 0.72.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a $0.545 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a yield of 3.5%. Nutrien’s payout ratio is currently 58.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NTR shares. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Wall Street Zen cut Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Scotiabank lowered their price target on Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Mizuho raised their price objective on shares of Nutrien from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group lowered their target price on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.17.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.