Integrated Advisors Network LLC Invests $2.09 Million in Nutrien Ltd. $NTR

Integrated Advisors Network LLC bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 1st quarter, HoldingsChannel reports. The firm bought 27,704 shares of the company’s stock, valued at approximately $2,091,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after acquiring an additional 479,834 shares in the last quarter. Wellington Management Group LLP grew its holdings in Nutrien by 440.2% during the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after purchasing an additional 13,313,817 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after buying an additional 2,276,651 shares during the period. First Eagle Investment Management LLC lifted its holdings in Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after buying an additional 70,068 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Nutrien by 2.0% in the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after buying an additional 189,683 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NYSE NTR opened at $65.33 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $67.85 and its two-hundred day moving average price is $69.67. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The stock has a market capitalization of $31.31 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.59 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 analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. As a group, sell-side analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.4%. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NTR shares. Scotiabank upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 30th. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce dropped their price objective on Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a report on Thursday, April 30th. Oppenheimer upped their target price on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Finally, Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target for the company in a research report on Tuesday, June 30th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.94.

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.