Nutrien Ltd. (NYSE:NTR) Shares Purchased by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 15.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,099 shares of the company’s stock after acquiring an additional 4,215 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Nutrien were worth $1,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Pacific Financial raised its stake in Nutrien by 1.7% during the 4th quarter. First Pacific Financial now owns 12,399 shares of the company’s stock worth $699,000 after acquiring an additional 206 shares in the last quarter. Moody National Bank Trust Division raised its stake in Nutrien by 1.7% during the 1st quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock worth $683,000 after acquiring an additional 208 shares in the last quarter. Capital Investment Counsel Inc raised its stake in Nutrien by 2.8% during the 4th quarter. Capital Investment Counsel Inc now owns 8,856 shares of the company’s stock worth $501,000 after acquiring an additional 240 shares in the last quarter. Ruggaard & Associates LLC increased its stake in Nutrien by 4.7% in the third quarter. Ruggaard & Associates LLC now owns 5,848 shares of the company’s stock valued at $361,000 after purchasing an additional 260 shares during the period. Finally, Parallel Advisors LLC increased its stake in Nutrien by 41.0% in the fourth quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock valued at $59,000 after purchasing an additional 305 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

NTR traded down $1.12 during midday trading on Thursday, reaching $59.21. 1,204,050 shares of the company’s stock were exchanged, compared to its average volume of 1,934,184. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. The stock has a market capitalization of $29.28 billion, a PE ratio of 34.63, a P/E/G ratio of 1.91 and a beta of 0.88. The business’s 50-day moving average price is $54.72 and its 200 day moving average price is $53.86. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $69.12.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The business’s revenue was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.02 EPS. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.9 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s dividend payout ratio is presently 126.32%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Nutrien from $67.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. CIBC dropped their price objective on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Wolfe Research assumed coverage on shares of Nutrien in a research note on Friday, March 1st. They issued an “outperform” rating and a $66.00 price objective on the stock. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $66.00 in a research note on Monday, April 29th. Finally, TD Securities dropped their price objective on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus target price of $67.32.

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.