40,407 Shares in Nutrien Ltd. $NTR Acquired by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC acquired 40,407 Nutrien shares in the second quarter, valued at approximately $2.54 million. Institutional investors and hedge funds collectively own 63.1% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $81.58, versus Nutrien’s recent opening price of $72.81.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year, but earnings per share of $2.61 missed estimates. The company also declared a quarterly dividend of $0.55, representing a 3.0% annualized yield.

Sanctuary Advisors LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 40,407 shares of the company's stock, valued at approximately $2,544,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company's stock valued at $1,386,546,000 after acquiring an additional 479,834 shares during the period. Wellington Management Group LLP increased its holdings in shares of Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company's stock worth $1,008,713,000 after acquiring an additional 13,313,817 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company's stock worth $821,326,000 after acquiring an additional 70,068 shares during the period. Deutsche Bank AG lifted its position in Nutrien by 2.0% in the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company's stock valued at $604,745,000 after purchasing an additional 189,683 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company's stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho decreased their target price on shares of Nutrien from $77.00 to $75.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Bank of America raised Nutrien from a "neutral" rating to a "buy" rating and set a $82.00 price target on the stock in a report on Thursday, April 30th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Nutrien in a research report on Monday, August 10th. Weiss Ratings upgraded Nutrien from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Finally, Oppenheimer decreased their price objective on Nutrien from $82.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien currently has an average rating of "Moderate Buy" and a consensus target price of $81.58.

Nutrien Price Performance

Shares of NYSE NTR opened at $72.81 on Wednesday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve 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. The firm has a 50-day moving average of $66.73 and a two-hundred day moving average of $70.47. The company has a market capitalization of $34.83 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.75 and a beta of 0.61.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) 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 analyst estimates of $10.44 billion. During the same period in the prior year, the firm earned $2.65 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts expect that Nutrien Ltd. will post 4.95 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 given a $0.55 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a yield of 3.0%. Nutrien's payout ratio is 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.

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