Nutrien Ltd. $NTR Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC raised its position in Nutrien Ltd. (NYSE:NTR) by 36.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 300,000 shares of the company’s stock after acquiring an additional 80,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Nutrien were worth $17,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Covea Finance lifted its holdings in Nutrien by 16.5% during the 2nd quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after buying an additional 10,400 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Nutrien by 20.2% during the second quarter. Advisors Asset Management Inc. now owns 69,551 shares of the company’s stock worth $4,051,000 after acquiring an additional 11,704 shares during the period. Campbell & CO Investment Adviser LLC raised its stake in shares of Nutrien by 122.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 68,124 shares of the company’s stock valued at $4,000,000 after acquiring an additional 37,447 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of Nutrien in the second quarter valued at $1,511,000. Finally, IFP Advisors Inc boosted its holdings in Nutrien by 12.3% in the second quarter. IFP Advisors Inc now owns 52,426 shares of the company’s stock valued at $3,053,000 after purchasing an additional 5,752 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Trading Down 2.0%

NYSE:NTR opened at $66.46 on Tuesday. Nutrien Ltd. has a 1 year low of $45.78 and a 1 year high of $67.94. The stock has a market cap of $32.03 billion, a P/E ratio of 17.91 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. The stock has a 50-day simple moving average of $60.68 and a 200-day simple moving average of $58.96.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, December 31st. Nutrien’s payout ratio is currently 58.76%.

Analysts Set New Price Targets

NTR has been the topic of several recent research reports. Mizuho upped their price target on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America reissued a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research report on Tuesday, October 14th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank reduced their target price on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. Finally, UBS Group lifted their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.12.

Nutrien 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.