Mackenzie Financial Corp Has $682.51 Million Stake in Nutrien Ltd. (NYSE:NTR)

Mackenzie Financial Corp trimmed its position in Nutrien Ltd. (NYSE:NTR) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,404,304 shares of the company’s stock after selling 449,893 shares during the period. Nutrien makes up approximately 1.0% of Mackenzie Financial Corp’s holdings, making the stock its 19th biggest holding. Mackenzie Financial Corp’s holdings in Nutrien were worth $682,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NTR. Manning & Napier Advisors LLC bought a new position in shares of Nutrien during the second quarter worth $2,639,000. Vanguard Group Inc. lifted its holdings in Nutrien by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock worth $1,025,790,000 after acquiring an additional 158,161 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Nutrien by 370.1% in the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after acquiring an additional 45,695 shares in the last quarter. BNP Paribas bought a new stake in shares of Nutrien in the first quarter worth about $1,146,000. Finally, Wellington Management Group LLP raised its position in shares of Nutrien by 54.3% during the fourth quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after purchasing an additional 296,122 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $48.66 on Friday. The firm’s fifty day moving average price is $47.78 and its two-hundred day moving average price is $51.75. The stock has a market cap of $24.08 billion, a PE ratio of 28.46, a PEG ratio of 1.55 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 fifty-two week low of $44.65 and a fifty-two week high of $63.60.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.15. The business 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%. Nutrien’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS. On average, equities analysts expect that Nutrien Ltd. will post 3.83 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.44%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NTR shares. UBS Group reduced their price target on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. The Goldman Sachs Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Scotiabank dropped their price target 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. TD Securities reduced their price objective on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $62.00 to $50.00 in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.50.

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.