Knights of Columbus Asset Advisors LLC Takes Position in Nutrien Ltd. $NTR

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 9,297 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock worth $2,349,000 after buying an additional 200 shares during the period. Blume Capital Management Inc. increased its holdings in Nutrien by 0.7% in the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after buying an additional 220 shares during the period. Weatherly Asset Management L. P. increased its holdings in Nutrien by 0.7% in the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after buying an additional 266 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in Nutrien by 5.9% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company’s stock worth $275,000 after buying an additional 309 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Nutrien by 20.6% in the 2nd quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock worth $106,000 after buying an additional 311 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NTR shares. Barclays increased their price target on shares of Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. UBS Group cut their price target on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company increased their price target on shares of Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. National Bankshares started coverage on shares of Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target on the stock. Finally, Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of $62.39.

Nutrien Price Performance

Shares of NYSE NTR opened at $60.64 on Wednesday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.99 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $57.64 and its 200-day simple moving average is $57.10.

Nutrien (NYSE:NTR) last announced its earnings results 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. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the firm posted $2.34 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

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

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.