Mraz Amerine & Associates Inc. Increases Stock Holdings in Nutrien Ltd. $NTR

Mraz Amerine & Associates Inc. increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,429 shares of the company’s stock after buying an additional 1,501 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Nutrien were worth $1,423,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Nutrien by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after acquiring an additional 1,412,503 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Nutrien by 17.1% during the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock worth $436,137,000 after purchasing an additional 1,284,181 shares during the last quarter. Mackenzie Financial Corp grew its position in Nutrien by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company’s stock worth $389,860,000 after purchasing an additional 54,918 shares in the last quarter. Deutsche Bank AG increased its stake in Nutrien by 6.5% in the 1st quarter. Deutsche Bank AG now owns 7,568,805 shares of the company’s stock valued at $375,943,000 after buying an additional 463,748 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock worth $347,319,000 after buying an additional 2,291,518 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NTR shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. Jefferies Financial Group reduced their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. Barclays lifted their target price on Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Oppenheimer raised their price objective on shares of Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nutrien has an average rating of “Hold” and an average price target of $62.39.

Nutrien Stock Up 1.7%

NTR stock opened at $60.33 on Tuesday. The stock has a fifty day moving average of $57.64 and a 200-day moving average of $57.08. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 0.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 EPS. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.6%. Nutrien’s dividend payout ratio (DPR) is 78.14%.

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.