CORDA Investment Management LLC. Invests $33.21 Million in Nutrien Ltd. $NTR

CORDA Investment Management LLC. bought a new stake in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 527,543 shares of the company’s stock, valued at approximately $33,209,000. Nutrien comprises approximately 2.0% of CORDA Investment Management LLC.’s holdings, making the stock its 24th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after acquiring an additional 9,950 shares during the period. NewEdge Advisors LLC boosted its position in Nutrien by 6.2% in the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after purchasing an additional 404 shares during the last quarter. Focus Partners Wealth bought a new position in Nutrien in the 1st quarter valued at $516,000. Acadian Asset Management LLC purchased a new stake in shares of Nutrien during the 1st quarter valued at $54,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Nutrien during the 2nd quarter valued at $203,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 1.2%

Shares of NYSE NTR opened at $68.26 on Friday. 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 $32.65 billion, a PE ratio of 13.82, a P/E/G ratio of 0.68 and a beta of 0.61. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The business’s fifty day moving average price is $65.93 and its 200-day moving average price is $70.39.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period last year, the business posted $2.65 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Dividend Announcement

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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is currently 44.53%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTR. UBS Group cut their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday, July 28th. Morgan Stanley lowered their price objective on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.58.

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.