Nutrien Ltd. $NTR Shares Acquired by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Nutrien Ltd. (NYSE:NTR) by 897.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,111 shares of the company’s stock after buying an additional 39,689 shares during the period. XTX Topco Ltd’s holdings in Nutrien were worth $2,569,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Huntington National Bank increased its position in shares of Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the last quarter. Harbour Investments Inc. raised its position in Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Nutrien during the second quarter worth $49,000. AlphaCore Capital LLC acquired a new stake in shares of Nutrien in the second quarter valued at $56,000. Finally, Andra AP fonden purchased a new stake in shares of Nutrien in the 2nd quarter valued at $58,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $57.38 on Thursday. The company has a fifty day moving average of $57.53 and a two-hundred day moving average of $58.40. The company has a market capitalization of $27.74 billion, a PE ratio of 20.57, a P/E/G ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. The business had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. As a group, analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a $0.545 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien’s payout ratio is currently 58.76%.

Analysts Set New Price Targets

A number of equities analysts recently commented on NTR shares. Oppenheimer restated an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Bank of America reissued a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. UBS Group dropped their price objective on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Mizuho cut their target price on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, TD Securities increased their target price on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.94.

Nutrien Company 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.