SEB Asset Management AB Takes $5.12 Million Position in Nutrien Ltd. $NTR

SEB Asset Management AB acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 68,092 shares of the company’s stock, valued at approximately $5,124,000.

Several other institutional investors have also recently modified their holdings of NTR. Montag A & Associates Inc. grew its holdings in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in Nutrien during the first quarter worth $32,000. Sfam LLC acquired a new position in shares of Nutrien in the fourth quarter worth $37,000. Eastern Bank raised its holdings in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after acquiring an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after acquiring an additional 347 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

NTR stock opened at $68.47 on Thursday. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.65 and a beta of 0.62. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The stock’s fifty day simple moving average is $66.64 and its 200-day simple moving average is $70.01.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm 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 firm posted $0.11 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that Nutrien Ltd. will post 5.11 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s dividend payout ratio is currently 44.81%.

Analysts Set New Price Targets

NTR has been the topic of a number of analyst reports. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Mizuho reduced their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.00.

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.