Artemis Investment Management LLP Purchases 41,000 Shares of Nutrien Ltd. $NTR

Artemis Investment Management LLP boosted its position in Nutrien Ltd. (NYSE:NTR – Free Report) by 12.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 368,211 shares of the company’s stock after purchasing an additional 41,000 shares during the period. Artemis Investment Management LLP owned about 0.08% of Nutrien worth $25,867,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC acquired a new stake in Nutrien during the second quarter worth approximately $8,363,000. BlackRock Inc. bought a new stake in shares of Nutrien during the 2nd quarter valued at $220,942,000. Engineers Gate Manager LP grew its holdings in shares of Nutrien by 665.4% during the 2nd quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock worth $4,274,000 after purchasing an additional 59,018 shares in the last quarter. Hikari Power Ltd bought a new position in shares of Nutrien in the second quarter worth $9,443,000. Finally, Nykredit A S bought a new position in shares of Nutrien in the second quarter worth $8,980,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NTR stock traded up $0.47 during midday trading on Thursday, reaching $70.44. 338,834 shares of the stock were exchanged, compared to its average volume of 3,057,230. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The company has a fifty day moving average price of $72.97 and a 200 day moving average price of $70.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The stock has a market capitalization of $33.54 billion, a PE ratio of 14.26, a P/E/G ratio of 0.76 and a beta of 0.68.

Nutrien (NYSE:NTR – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 earnings per share. As a group, analysts expect that Nutrien Ltd. will post 4.66 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s payout ratio is presently 44.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Nutrien from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Oppenheimer dropped their target price on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. National Bank Financial cut their price target on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Berenberg Bank set a $65.00 price objective on shares of Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Finally, set a $85.00 target price on Nutrien and gave the stock an “outperform” rating in a research note on Monday. Seventeen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and an average target price of $81.15.

View Our Latest Research Report on Nutrien

About Nutrien

(Free Report)

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.

See Also

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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