PCJ Investment Counsel Ltd. Has $1.44 Million Stock Holdings in Nutrien Ltd. $NTR

PCJ Investment Counsel Ltd. grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 24,730 shares of the company’s stock after acquiring an additional 1,020 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Nutrien were worth $1,442,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NTR. Principal Financial Group Inc. lifted its position in Nutrien by 25.7% during the first quarter. Principal Financial Group Inc. now owns 142,879 shares of the company’s stock worth $7,090,000 after purchasing an additional 29,190 shares during the period. World Investment Advisors acquired a new position in shares of Nutrien in the 1st quarter valued at approximately $209,000. Bank of New York Mellon Corp lifted its holdings in shares of Nutrien by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 499,678 shares of the company’s stock worth $24,819,000 after acquiring an additional 42,810 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Nutrien by 27.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 222,727 shares of the company’s stock worth $11,060,000 after acquiring an additional 48,464 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, September 9th. Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Zacks Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutrien in a research note on Wednesday, October 8th. Finally, Scotiabank decreased their target price on Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.83.

Nutrien Stock Up 2.2%

Shares of NTR opened at $56.80 on Friday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a fifty day moving average of $57.38 and a 200-day moving average of $58.20.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the previous year, the company posted $0.39 EPS. Nutrien’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s payout ratio is 58.76%.

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.