111 Capital Makes New Investment in Nutrien Ltd. $NTR

Key Points

• 111 Capital has acquired 20,143 shares of Nutrien Ltd. during the 2nd quarter, valued at approximately $1,175,000.
• Major institutional investors, including Vanguard Group and JPMorgan Chase, have significantly increased their holdings in Nutrien, showing strong interest in the stock.
• Nutrien recently announced a quarterly dividend of $0.545 per share, with a notable dividend yield of 3.7%.

111 Capital bought a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 20,143 shares of the company's stock, valued at approximately $1,175,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Nutrien by 7.1% during the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock worth $1,051,709,000 after acquiring an additional 1,412,503 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock worth $436,137,000 after purchasing an additional 1,284,181 shares during the period. Mackenzie Financial Corp grew its stake in shares of Nutrien by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock worth $389,860,000 after purchasing an additional 54,918 shares during the period. Deutsche Bank AG grew its stake in shares of Nutrien by 6.5% during the 1st quarter. Deutsche Bank AG now owns 7,568,805 shares of the company's stock worth $375,943,000 after purchasing an additional 463,748 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Nutrien by 48.7% during the first quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock worth $347,319,000 after buying an additional 2,291,518 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NTR. National Bankshares began coverage on shares of Nutrien in a research report on Friday, September 5th. They set a "sector perform" rating and a $64.00 target price on the stock. Oppenheimer upped their price target on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Jefferies Financial Group lowered their price target on Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a report on Tuesday, September 9th. Scotiabank lowered their target price on Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Finally, TD Securities upped their target price on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.39.

Nutrien Price Performance

Shares of NYSE:NTR opened at $59.37 on Friday. The business's fifty day moving average price is $57.62 and its two-hundred day moving average price is $56.96. The stock has a market cap of $28.81 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio (DPR) is currently 78.14%.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.

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