Connor Clark & Lunn Investment Management Ltd. Decreases Stock Position in Nutrien Ltd. $NTR

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,177,526 shares of the company’s stock after selling 4,895 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Nutrien were worth $68,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board raised its position in shares of Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock valued at $2,349,000 after purchasing an additional 200 shares during the last quarter. Blume Capital Management Inc. grew its position in Nutrien by 0.7% during the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after purchasing an additional 220 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its stake in Nutrien by 0.4% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 59,035 shares of the company’s stock valued at $3,438,000 after purchasing an additional 236 shares in the last quarter. Weatherly Asset Management L. P. raised its holdings in shares of Nutrien by 0.7% in the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after buying an additional 266 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Nutrien by 72.6% in the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after buying an additional 276 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NTR opened at $56.80 on Friday. The business’s 50-day moving average is $57.38 and its two-hundred day moving average is $58.23. The company has a market capitalization of $27.52 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is currently 58.76%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NTR. Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. UBS Group lowered their price target on Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday. TD Securities increased their price objective on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutrien in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $62.83.

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.