Himension Capital Singapore PTE. LTD. Makes New $918,000 Investment in Nutrien Ltd. $NTR

Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the first quarter, HoldingsChannel reports. The fund purchased 12,162 shares of the company’s stock, valued at approximately $918,000.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares in the last quarter. Norges Bank bought a new stake in Nutrien during the 4th quarter valued at approximately $412,635,000. TD Asset Management Inc raised its stake in Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the period. DJE Kapital AG lifted its holdings in Nutrien by 1,373.6% in the 1st quarter. DJE Kapital AG now owns 1,534,869 shares of the company’s stock worth $116,111,000 after purchasing an additional 1,430,708 shares in the last quarter. Finally, Canoe Financial LP purchased a new position in Nutrien in the 1st quarter worth approximately $99,603,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.2%

NYSE NTR opened at $66.78 on Wednesday. The stock has a 50 day moving average price of $66.70 and a 200-day moving average price of $69.96. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The company has a market capitalization of $31.94 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.65 and a beta of 0.62.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. As a group, equities analysts predict that Nutrien Ltd. will post 5.11 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Analyst Ratings Changes

Several research analysts have weighed in on NTR shares. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research report on Tuesday, June 30th. UBS Group lowered their target price 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. National Bank Financial set a $76.00 target price on shares of Nutrien and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently 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.