First Nebraska Trust Co Acquires New Holdings in Nutrien Ltd. $NTR

First Nebraska Trust Co bought a new position in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,506 shares of the company’s stock, valued at approximately $787,000.

Other large investors have also recently added to or reduced their stakes in the company. CORDA Investment Management LLC. acquired a new stake in shares of Nutrien in the second quarter worth $33,209,000. Vanguard Group Inc. grew its stake in Nutrien by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares during the last quarter. Bryn Mawr Trust Advisors LLC bought a new position in Nutrien in the 2nd quarter worth $8,363,000. Geode Capital Management LLC raised its holdings in Nutrien by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company’s stock worth $304,217,000 after acquiring an additional 309,025 shares during the period. Finally, Black Creek Investment Management Inc. lifted its position in Nutrien by 7.9% during the 4th quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company’s stock worth $157,796,000 after acquiring an additional 185,864 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of Nutrien stock opened at $75.36 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 company has a market cap of $36.05 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. The firm has a fifty day moving average price of $66.42 and a two-hundred day moving average price of $70.42. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.65 EPS. Analysts expect that Nutrien Ltd. will post 4.95 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 29th. Nutrien’s payout ratio is currently 44.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NTR shares. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. National Bank Financial lowered their target price on Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, Mizuho dropped their price target on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average target price of $81.58.

About Nutrien

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.