Montrusco Bolton Investments Inc. decreased its holdings in shares of Nutrien Ltd (NYSE:NTR) by 15.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,285,174 shares of the company’s stock after selling 238,446 shares during the period. Nutrien accounts for about 4.5% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 6th largest position. Montrusco Bolton Investments Inc. owned 0.21% of Nutrien worth $74,152,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of NTR. Whittier Trust Co. increased its position in Nutrien by 253.2% during the 2nd quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock valued at $152,000 after purchasing an additional 2,000 shares during the period. Bessemer Group Inc. purchased a new position in Nutrien during the 2nd quarter valued at about $161,000. Huntington National Bank purchased a new position in Nutrien during the 2nd quarter valued at about $199,000. Lapides Asset Management LLC purchased a new position in Nutrien during the 2nd quarter valued at about $200,000. Finally, DeDora Capital Inc. purchased a new position in Nutrien during the 2nd quarter valued at about $203,000. 66.34% of the stock is currently owned by institutional investors and hedge funds.
NTR has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Nutrien from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Scotiabank downgraded shares of Nutrien from a “focus list” rating to an “outperform” rating in a research report on Thursday, September 20th. Royal Bank of Canada lifted their price objective on shares of Nutrien from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Finally, Citigroup lifted their price objective on shares of Nutrien from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Nutrien has a consensus rating of “Buy” and an average price target of $61.71.
NTR stock opened at $57.58 on Wednesday. Nutrien Ltd has a 52 week low of $40.41 and a 52 week high of $58.99.
Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 1st. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.08. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Nutrien had a net margin of 9.83% and a return on equity of 10.27%. Nutrien’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, research analysts forecast that Nutrien Ltd will post 2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, September 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, September 27th.
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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