123,450 Shares in Nutrien Ltd. $NTR Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 123,450 Nutrien shares in the second quarter, valued at approximately $7.76 million. Institutional investors and hedge funds collectively own 63.1% of the company.
• Analysts maintain a generally positive view, with 17 Buy ratings, four Holds and one Sell; Nutrien has a “Moderate Buy” consensus rating and an average price target of $81.15.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year, though earnings of $2.61 per share missed estimates. The company also declared a quarterly dividend of $0.55 per share, representing a 3.0% annualized yield.

Nykredit A S bought a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 123,450 shares of the company's stock, valued at approximately $7,764,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Nutrien in the 2nd quarter worth about $8,363,000. BlackRock Inc. acquired a new stake in shares of Nutrien in the 2nd quarter valued at approximately $220,942,000. Hikari Power Ltd acquired a new position in shares of Nutrien in the 2nd quarter valued at $9,443,000. Geode Capital Management LLC grew its position in shares of Nutrien by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company's stock valued at $304,217,000 after purchasing an additional 309,025 shares during the period. Finally, Black Creek Investment Management Inc. raised its holdings in shares of Nutrien by 7.9% during the fourth quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company's stock worth $157,796,000 after acquiring an additional 185,864 shares during the period. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NTR. Weiss Ratings raised Nutrien from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Nutrien in a research note on Monday, August 10th. Oppenheimer lowered their price objective on Nutrien from $82.00 to $80.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Barclays reduced their price target on shares of Nutrien from $81.00 to $78.00 and set an "overweight" rating on the stock in a research report on Monday, August 10th. Finally, Morgan Stanley dropped their target price on Nutrien from $93.00 to $81.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nutrien presently has an average rating of "Moderate Buy" and an average target price of $81.15.

Nutrien Stock Performance

Shares of NTR opened at $74.43 on Tuesday. The stock has a 50-day moving average price of $72.09 and a 200-day moving average price of $71.28. The company has a market cap of $35.44 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR - Get Free Report) last announced 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 net margin of 8.44% and a return on equity of 8.88%. The firm had revenue of $10.81 billion for the quarter, compared to analysts' expectations of $10.44 billion. During the same period in the previous year, the company earned $2.65 EPS. The company's quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Nutrien Ltd. will post 4.66 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. Nutrien's dividend payout ratio (DPR) is currently 44.53%.

About Nutrien

Nutrien Ltd. NYSE: NTR is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.

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