DJE Kapital AG Acquires Shares of 108,396 Nutrien Ltd. $NTR

DJE Kapital AG bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 108,396 shares of the company’s stock, valued at approximately $6,237,000.

Several other hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its position in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares in the last quarter. Harbour Investments Inc. increased its stake in Nutrien by 94.8% during 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 last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Nutrien during the second quarter worth $49,000. Allworth Financial LP raised its holdings in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Finally, Andra AP fonden bought a new position in shares of Nutrien in the 2nd quarter worth about $58,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NTR shares. Mizuho dropped their price objective on shares of Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. Wells Fargo & Company reissued a “cautious” rating on shares of Nutrien in a report on Thursday, October 16th. National Bank Financial initiated coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating for the company. Finally, National Bankshares started coverage on Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.83.

Nutrien Stock Up 2.2%

NTR opened at $56.80 on Friday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month 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. The stock has a market cap of $27.52 billion, a P/E ratio of 20.36, a P/E/G ratio of 0.92 and a beta of 0.83. The stock’s 50 day moving average price is $57.38 and its 200 day moving average price is $58.23.

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

Nutrien Announces Dividend

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

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.