Munich Reinsurance Co Stock Corp in Munich Takes Position in Nutrien Ltd. $NTR

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,621 shares of the company’s stock, valued at approximately $2,180,000.

Other hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC increased its stake in Nutrien by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after buying an additional 145 shares during the period. Minot DeBlois Advisors LLC lifted its stake in shares of Nutrien by 1.8% in the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after acquiring an additional 164 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of Nutrien by 15.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after acquiring an additional 164 shares during the period. Gould Asset Management LLC CA boosted its holdings in shares of Nutrien by 4.4% in the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock valued at $297,000 after acquiring an additional 165 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after acquiring an additional 176 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NTR shares. Oppenheimer reduced their price objective on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, June 30th. UBS Group dropped their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nutrien from $78.00 to $80.00 and gave the stock 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Trading Down 1.5%

Shares of NTR opened at $79.53 on Friday. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a market capitalization of $37.95 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62. The stock has a fifty day moving average of $69.08 and a two-hundred day moving average of $70.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39.

Nutrien (NYSE:NTR) last released its earnings results 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). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period in the prior year, the business posted $2.65 earnings per share. Nutrien’s revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Nutrien Ltd. will post 4.71 EPS for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors 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 2.8%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio is 44.53%.

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.