Amundi Buys 76,995 Shares of Nutrien Ltd. $NTR

Key Points

• Amundi has increased its stake in Nutrien Ltd. by 3.1% during the first quarter, owning approximately 2,560,012 shares worth about $129.2 million.
• Several institutional investors, including Harbour Investments and Allworth Financial, have also significantly boosted their holdings in Nutrien this quarter, indicating strong institutional interest in the stock.
• Nutrien's stock recently opened at $56.39, and the company reported strong earnings per share of $2.65, exceeding analysts' estimates.

Amundi boosted its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,560,012 shares of the company's stock after purchasing an additional 76,995 shares during the quarter. Amundi owned about 0.52% of Nutrien worth $129,215,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. bought a new position in shares of Nutrien during the first quarter worth approximately $13,411,000. Federation des caisses Desjardins du Quebec grew its position in Nutrien by 6.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 3,825,090 shares of the company's stock worth $189,792,000 after buying an additional 232,454 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Nutrien during the first quarter worth approximately $142,000. Baird Financial Group Inc. increased its stake in Nutrien by 8.5% during the 1st quarter. Baird Financial Group Inc. now owns 35,223 shares of the company's stock worth $1,750,000 after acquiring an additional 2,767 shares during the period. Finally, GMT Capital Corp acquired a new position in Nutrien in the 1st quarter valued at $6,318,000. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on NTR. TD Securities raised their price target on Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. UBS Group decreased their target price on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Nutrien in a research report on Monday, July 14th. Jefferies Financial Group reduced their price target on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, National Bankshares initiated coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a "sector perform" rating and a $64.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $62.39.

Nutrien Trading Down 0.5%

Nutrien stock traded down $0.28 during mid-day trading on Thursday, hitting $57.13. 2,922,391 shares of the stock were exchanged, compared to its average volume of 2,080,312. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 0.96 and a beta of 0.77. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The firm's fifty day simple moving average is $58.48 and its two-hundred day simple moving average is $56.25.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion during 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $2.34 EPS. Analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien's dividend payout ratio is presently 78.14%.

Nutrien Company Profile

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.