Dixon Mitchell Investment Counsel Inc. Has $8.93 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Dixon Mitchell Investment Counsel Inc. raised its holdings in Nutrien Ltd. (NYSE:NTR) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,568 shares of the company’s stock after acquiring an additional 14,844 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in Nutrien were worth $8,927,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in Nutrien during the 3rd quarter worth approximately $28,000. Family Firm Inc. bought a new position in shares of Nutrien in the 2nd quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in shares of Nutrien during the 1st quarter valued at $35,000. Trust Co. of Vermont grew its position in Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 1.3 %

NTR opened at $47.67 on Friday. The firm has a market capitalization of $23.54 billion, a PE ratio of 29.79, a P/E/G ratio of 1.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $61.89. The company’s 50-day moving average is $47.65 and its 200 day moving average is $51.20.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the company earned $2.53 earnings per share. As a group, research analysts predict that Nutrien Ltd. will post 3.75 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Friday, September 27th. Nutrien’s payout ratio is currently 135.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on NTR. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Scotiabank reduced their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. BMO Capital Markets lowered their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, HSBC cut Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.67.

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.