QV Investors Inc. Has $23.22 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

QV Investors Inc. reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 482,657 shares of the company’s stock after selling 1,417 shares during the quarter. Nutrien comprises about 2.1% of QV Investors Inc.’s portfolio, making the stock its 18th biggest position. QV Investors Inc. owned approximately 0.10% of Nutrien worth $23,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Pacific Financial increased its stake in Nutrien by 9.3% during the 3rd quarter. First Pacific Financial now owns 14,829 shares of the company’s stock valued at $713,000 after purchasing an additional 1,260 shares in the last quarter. Creative Planning lifted its stake in shares of Nutrien by 1.3% in the third quarter. Creative Planning now owns 36,524 shares of the company’s stock valued at $1,755,000 after buying an additional 473 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Nutrien by 58.1% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,598 shares of the company’s stock valued at $125,000 after buying an additional 955 shares during the last quarter. Viking Fund Management LLC bought a new stake in shares of Nutrien during the third quarter worth about $96,000. Finally, Cardinal Capital Management Inc. increased its position in shares of Nutrien by 4.3% during the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after acquiring an additional 23,117 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $47.90 on Wednesday. The business’s fifty day moving average is $47.55 and its 200 day moving average is $51.30. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien Ltd. has a 52-week low of $44.65 and a 52-week high of $62.53.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. During the same period in the prior year, the business posted $2.53 earnings per share. The company’s revenue was down 12.9% on a year-over-year basis. Research analysts predict that Nutrien Ltd. will post 3.83 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.51%. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on NTR. Mizuho cut their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. TD Securities decreased their price target on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Scotiabank dropped their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. Finally, BMO Capital Markets reduced their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.67.

About Nutrien

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.