CORDA Investment Management LLC. Purchases 9,262 Shares of Nutrien Ltd. $NTR

CORDA Investment Management LLC. boosted its stake in Nutrien Ltd. (NYSE:NTR) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536,889 shares of the company’s stock after purchasing an additional 9,262 shares during the period. Nutrien comprises approximately 2.3% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 20th biggest position. CORDA Investment Management LLC. owned approximately 0.11% of Nutrien worth $31,268,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NTR. 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 valued at $1,051,709,000 after buying an additional 1,412,503 shares during the period. Canada Pension Plan Investment Board lifted its position in Nutrien by 17.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after acquiring an additional 1,284,181 shares in the last quarter. Mackenzie Financial Corp lifted 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 valued at $389,860,000 after acquiring an additional 54,918 shares in the last quarter. Deutsche Bank AG lifted its position 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 acquiring an additional 463,748 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Nutrien by 48.7% in the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock valued at $347,319,000 after acquiring an additional 2,291,518 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTR has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of Nutrien from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research note on Wednesday, October 8th. UBS Group reduced their price target on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. TD Securities boosted their price target on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Bank of America reaffirmed a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.78.

Nutrien Stock Up 1.9%

Shares of Nutrien stock opened at $57.51 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 0.94 and a beta of 0.82. The company’s 50 day moving average is $57.77 and its 200 day moving average is $57.62.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period last year, the firm earned $2.34 EPS. The company’s revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 29th were paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 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.