Northwestern Mutual Wealth Management Co. Buys Shares of 10,492 Nutrien Ltd. $NTR

Northwestern Mutual Wealth Management Co. bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, HoldingsChannel reports. The firm bought 10,492 shares of the company’s stock, valued at approximately $660,000.

Several other hedge funds also recently made changes to their positions in the stock. CORDA Investment Management LLC. purchased a new stake in Nutrien in the 2nd quarter worth approximately $33,209,000. Vanguard Group Inc. grew its position in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares in the last quarter. Bryn Mawr Trust Advisors LLC bought a new position in shares of Nutrien in the second quarter worth $8,363,000. Geode Capital Management LLC increased its holdings in shares of Nutrien by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company’s stock worth $304,217,000 after purchasing an additional 309,025 shares during the period. Finally, Oxbow Advisors LLC raised its position in shares of Nutrien by 35.2% in the fourth quarter. Oxbow Advisors LLC now owns 142,981 shares of the company’s stock worth $8,825,000 after buying an additional 37,246 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTR has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Barclays lowered their price target on Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Mizuho decreased their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, 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 research note on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Price Performance

NTR stock opened at $73.72 on Thursday. 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 Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The firm’s fifty day moving average is $66.91 and its 200 day moving average is $70.51. The firm has a market cap of $35.26 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.74 and a beta of 0.61.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share 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 business had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the prior year, the firm earned $2.65 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts predict that Nutrien Ltd. will post 4.95 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 3.0%. Nutrien’s dividend payout ratio is currently 44.53%.

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.