First Pacific Financial Purchases 206 Shares of Nutrien Ltd. (NYSE:NTR)

First Pacific Financial increased its stake in Nutrien Ltd. (NYSE:NTR) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,399 shares of the company’s stock after purchasing an additional 206 shares during the quarter. First Pacific Financial’s holdings in Nutrien were worth $699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTR. Vanguard Group Inc. grew its holdings in shares of Nutrien by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 18,052,214 shares of the company’s stock valued at $1,114,905,000 after buying an additional 332,190 shares during the period. Deutsche Bank AG grew its stake in shares of Nutrien by 1.5% in the third quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock valued at $908,374,000 after acquiring an additional 214,299 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Nutrien by 2.2% during the 3rd quarter. Mackenzie Financial Corp now owns 13,091,872 shares of the company’s stock valued at $748,638,000 after acquiring an additional 282,531 shares during the period. Parnassus Investments LLC raised its position in Nutrien by 1.3% during the third quarter. Parnassus Investments LLC now owns 10,057,019 shares of the company’s stock valued at $621,121,000 after purchasing an additional 131,418 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock worth $572,062,000 after buying an additional 48,230 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Up 1.1 %

NTR stock opened at $53.63 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average is $51.63 and its 200 day moving average is $55.25. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.67 and a beta of 0.89. Nutrien Ltd. has a 12-month low of $47.90 and a 12-month high of $75.29.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.35). The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm’s revenue was down 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 earnings per share. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.96 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be given a $0.54 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Wednesday, March 27th. Nutrien’s dividend payout ratio is currently 83.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NTR shares. Jefferies Financial Group started coverage on Nutrien in a research report on Tuesday. They set a “buy” rating and a $62.00 price objective on the stock. Royal Bank of Canada lowered their target price on Nutrien from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. TD Securities reduced their target price on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. CIBC reduced their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $58.00 to $48.00 in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nutrien has a consensus rating of “Hold” and an average price target of $69.43.

Nutrien 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.