CVA Family Office LLC Invests $57,000 in Nutrien Ltd. (NYSE:NTR)

CVA Family Office LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,019 shares of the company’s stock, valued at approximately $57,000.

Other large investors have also modified their holdings of the company. Townsend & Associates Inc lifted its holdings in shares of Nutrien by 27.8% during the 3rd quarter. Townsend & Associates Inc now owns 163,942 shares of the company’s stock worth $10,125,000 after acquiring an additional 35,690 shares during the period. CIBC Asset Management Inc raised its holdings in Nutrien by 2.5% in the third quarter. CIBC Asset Management Inc now owns 6,361,084 shares of the company’s stock valued at $394,047,000 after buying an additional 154,159 shares during the period. Canoe Financial LP raised its holdings in Nutrien by 64.6% in the third quarter. Canoe Financial LP now owns 75,945 shares of the company’s stock valued at $4,690,000 after buying an additional 29,819 shares during the period. First Eagle Investment Management LLC raised its holdings in Nutrien by 0.5% in the third quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock valued at $572,062,000 after buying an additional 48,230 shares during the period. Finally, Deutsche Bank AG raised its holdings in 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 buying an additional 214,299 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NTR shares. BMO Capital Markets cut their price target on shares of Nutrien from $86.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. CIBC cut their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. The Goldman Sachs Group cut their price target on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Stifel Nicolaus lifted their price objective on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Raymond James lowered shares of Nutrien from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $65.00 in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average price target of $69.43.

Nutrien Stock Performance

Nutrien stock opened at $53.63 on Thursday. The company has a market cap of $26.52 billion, a PE ratio of 21.20, a P/E/G ratio of 1.67 and a beta of 0.89. The company has a fifty day moving average price of $51.63 and a two-hundred day moving average price of $55.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. Nutrien Ltd. has a 12 month low of $47.90 and a 12 month high of $75.29.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 EPS. Research analysts expect that Nutrien Ltd. will post 3.96 earnings per share for the current year.

Nutrien Increases Dividend

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

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.