16,500 Shares in Nutrien Ltd. $NTR Purchased by Tejara Capital Ltd

Key Points

• Tejara Capital purchased 16,500 Nutrien shares worth approximately $1.04 million during the second quarter. Institutional investors and hedge funds collectively own 63.1% of the company.
• Analyst sentiment remains favorable, with 17 Buy ratings, three Holds and one Sell; Nutrien has a consensus “Moderate Buy” rating and an average price target of $81.58.
• Nutrien reported quarterly EPS of $2.61, below the $2.70 consensus estimate, while revenue of $10.81 billion exceeded expectations. The company also declared a quarterly dividend of $0.55 per share, representing a 3.0% annualized yield.

Tejara Capital Ltd acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,500 shares of the company's stock, valued at approximately $1,039,000.

A number of other hedge funds have also made changes to their positions in the company. CORDA Investment Management LLC. purchased a new stake in shares of Nutrien during the second quarter worth $33,209,000. Vanguard Group Inc. lifted its stake in Nutrien by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company's stock worth $1,386,546,000 after purchasing an additional 479,834 shares in the last quarter. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Nutrien during the 2nd quarter worth approximately $8,363,000. Geode Capital Management LLC grew its position 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 valued at $304,217,000 after purchasing an additional 309,025 shares in the last quarter. Finally, Black Creek Investment Management Inc. grew its position in shares of Nutrien by 7.9% in the fourth quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company's stock valued at $157,796,000 after purchasing an additional 185,864 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NTR. Bank of America upgraded Nutrien from a "neutral" rating to a "buy" rating and set a $82.00 price objective on the stock in a research report on Thursday, April 30th. Barclays cut their target price on Nutrien from $81.00 to $78.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Oppenheimer lowered their price target on shares of Nutrien from $82.00 to $80.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Nutrien from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Finally, National Bank Financial reduced their target price on shares of Nutrien from $76.00 to $74.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $81.58.

Nutrien Stock Up 3.8%

Shares of NYSE:NTR opened at $73.19 on Friday. The company has a market capitalization of $35.01 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.70 and a beta of 0.61. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The business has a 50-day moving average price of $66.26 and a 200 day moving average price of $70.38. 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 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). The company had revenue of $10.81 billion for the quarter, compared to analysts' expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $2.65 EPS. Sell-side analysts expect that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a $0.55 dividend. 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 payout ratio is presently 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.

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