VectorGlobal IAG Inc. bought a new position in shares of Nutrien Ltd. (NYSE:NTR – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,375 shares of the company’s stock, valued at approximately $931,000.
Several other hedge funds have also recently modified their holdings of NTR. Western Wealth Management LLC lifted its stake in Nutrien by 13.7% in the 1st quarter. Western Wealth Management LLC now owns 4,207 shares of the company’s stock valued at $317,000 after buying an additional 506 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Nutrien by 71.1% in the 1st quarter. Parallel Advisors LLC now owns 3,081 shares of the company’s stock worth $233,000 after buying an additional 1,280 shares during the last quarter. NewEdge Advisors LLC increased its stake in Nutrien by 30.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,315 shares of the company’s stock worth $703,000 after buying an additional 2,159 shares in the last quarter. First Nebraska Trust Co purchased a new stake in Nutrien during the 1st quarter worth approximately $961,000. Finally, BankChampaign National Association acquired a new position in shares of Nutrien during the first quarter valued at approximately $414,000. Institutional investors and hedge funds own 63.10% of the company’s stock.
Wall Street Analyst Weigh In
NTR has been the topic of several research reports. BNP Paribas Exane upgraded Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Tuesday, July 28th. UBS Group dropped their price target on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. National Bank Financial set a $76.00 price objective on Nutrien and gave the company an “outperform” rating in a research note on Monday, July 13th. Royal Bank Of Canada increased their price objective on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a report on Tuesday, June 30th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.84.
Nutrien Trading Down 0.1%
NTR opened at $68.98 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The company’s 50 day simple moving average is $66.39 and its two-hundred day simple moving average is $70.43. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The firm has a market capitalization of $33.00 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.69 and a beta of 0.62.
Nutrien (NYSE:NTR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.
Nutrien Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.
Nutrien Company Profile
Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.
Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.
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