Glenorchy Capital Ltd Purchases Shares of 30,210 Nutrien Ltd. (NYSE:NTR)

Glenorchy Capital Ltd purchased a new stake in Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 30,210 shares of the company’s stock, valued at approximately $1,702,000. Nutrien comprises approximately 0.7% of Glenorchy Capital Ltd’s portfolio, making the stock its 29th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in Nutrien during the third quarter worth about $27,000. Legacy Financial Group LLC acquired a new stake in Nutrien during the third quarter worth about $28,000. Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 904.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Nutrien in the 4th quarter valued at approximately $57,000. Finally, NBC Securities Inc. acquired a new stake in shares of Nutrien in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 0.1 %

Shares of NYSE:NTR traded down $0.03 during trading on Tuesday, reaching $52.27. 1,439,120 shares of the company traded hands, compared to its average volume of 2,013,353. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.97 and a beta of 0.89. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $71.54. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average is $53.10 and its 200-day moving average is $54.17.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period last year, the company posted $2.02 EPS. As a group, analysts forecast that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $0.54 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.13%. Nutrien’s dividend payout ratio (DPR) is presently 85.38%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NTR. Wells Fargo & Company decreased their price target on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, February 26th. HSBC cut their price target on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating on the stock in a report on Friday, March 8th. TD Securities cut their price target on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, February 20th. Raymond James downgraded shares of Nutrien from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $80.00 to $65.00 in a report on Friday, January 12th. Finally, Jefferies Financial Group started coverage on shares of Nutrien in a report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.95.

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.