12,200 Shares in Nutrien Ltd. $NTR Bought by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH acquired 12,200 shares of Nutrien Ltd. valued at approximately $608,000 during the first quarter.
• Nutrien's quarterly earnings showed $2.65 earnings per share, surpassing analyst expectations of $2.41.
• The company recently announced a quarterly dividend of $0.545, representing a yield of 3.8% for investors.

Erste Asset Management GmbH purchased a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,200 shares of the company's stock, valued at approximately $608,000.

Several other large investors also recently bought and sold shares of NTR. Public Sector Pension Investment Board boosted its stake in Nutrien by 0.4% during the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after buying an additional 200 shares during the period. Blume Capital Management Inc. boosted its stake in Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock worth $1,579,000 after buying an additional 220 shares during the period. Tidal Investments LLC boosted its stake in Nutrien by 2.9% during the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after buying an additional 293 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in Nutrien by 5.9% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock worth $275,000 after buying an additional 309 shares during the period. Finally, Harbour Investments Inc. boosted its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after buying an additional 348 shares during the period. Institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

NTR has been the subject of several recent analyst reports. Oppenheimer lifted their price objective on shares of Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Bank of America boosted their target price on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. UBS Group lowered their target price on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Morgan Stanley boosted their target price on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen raised shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.65.

Nutrien Stock Up 0.4%

NYSE:NTR opened at $57.8130 on Friday. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The company has a 50-day moving average of $59.21 and a 200 day moving average of $55.67. The firm has a market cap of $28.10 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

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

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien's dividend payout ratio is 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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