Foundation Resource Management Inc. Invests $7.74 Million in Nutrien Ltd. (NYSE:NTR)

Foundation Resource Management Inc. acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 173,060 shares of the company’s stock, valued at approximately $7,744,000. Nutrien comprises about 1.3% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTR. Central Pacific Bank Trust Division acquired a new position in shares of Nutrien during the third quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Nutrien during the 2nd quarter valued at $52,000. Larson Financial Group LLC boosted its position in Nutrien by 1,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after acquiring an additional 1,494 shares during the period. Cromwell Holdings LLC grew its stake in shares of Nutrien by 113.4% in the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after purchasing an additional 900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Nutrien by 56.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after purchasing an additional 605 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTR. Piper Sandler raised shares of Nutrien from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $50.00 to $58.00 in a report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. CIBC restated an “outperformer” rating and issued a $55.00 target price (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Finally, Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.21.

Nutrien Trading Up 1.0 %

NYSE NTR opened at $51.70 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $60.87. The firm’s fifty day simple moving average is $46.90 and its 200-day simple moving average is $47.85. The company has a market capitalization of $25.46 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was down 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.26%. Nutrien’s dividend payout ratio is currently 144.97%.

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.