Hillsdale Investment Management Inc. Raises Stock Position in Nutrien Ltd. $NTR

Hillsdale Investment Management Inc. boosted its holdings in Nutrien Ltd. (NYSE:NTR) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 212,320 shares of the company’s stock after buying an additional 80,365 shares during the period. Hillsdale Investment Management Inc.’s holdings in Nutrien were worth $13,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss Life Asset Management Ltd increased its holdings in Nutrien by 23.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock valued at $4,691,000 after acquiring an additional 15,230 shares during the last quarter. Van ECK Associates Corp increased its holdings in Nutrien by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock valued at $108,901,000 after acquiring an additional 25,588 shares during the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in shares of Nutrien during the fourth quarter valued at about $1,967,000. Hudson Bay Capital Management LP increased its holdings in shares of Nutrien by 190.3% in the third quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock worth $6,829,000 after purchasing an additional 76,244 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of Nutrien by 37.8% in the third quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock worth $12,958,000 after purchasing an additional 60,491 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NTR shares. Canadian Imperial Bank of Commerce reduced their target price on Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets lifted their target price on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. UBS Group reduced their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Barclays lifted their target price on Nutrien from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.75.

Nutrien Trading Down 1.6%

NTR opened at $68.53 on Friday. The firm has a market cap of $32.89 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.64 and a beta of 0.64. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $72.90 and a 200 day moving average of $68.49.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. As a group, research analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

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.