Andra AP fonden Increases Position in Nutrien Ltd. $NTR

Key Points

• Andra AP fonden increased its Nutrien stake by 419.9% in the second quarter, bringing its holdings to 141,395 shares valued at approximately $8.9 million. Institutional investors collectively own 63.1% of Nutrien’s stock.
• Analyst sentiment is favorable, with 17 Buy ratings, four Holds and one Sell rating. 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, but earnings of $2.61 per share fell short of estimates. The company declared a quarterly dividend of $0.55 per share, representing a 2.9% annualized yield.

Andra AP fonden raised its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 419.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,395 shares of the company's stock after acquiring an additional 114,200 shares during the period. Andra AP fonden's holdings in Nutrien were worth $8,901,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wellington Altus USA Inc. increased its holdings in shares of Nutrien by 14.6% in the second quarter. Wellington Altus USA Inc. now owns 2,239 shares of the company's stock valued at $141,000 after purchasing an additional 285 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Nutrien by 19.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,259 shares of the company's stock worth $772,000 after acquiring an additional 1,955 shares during the last quarter. SailingStone Capital Partners LLC raised its holdings in shares of Nutrien by 115.2% during the 2nd quarter. SailingStone Capital Partners LLC now owns 288,350 shares of the company's stock worth $18,152,000 after acquiring an additional 154,377 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Nutrien during the 2nd quarter worth $308,000. Finally, Engineers Gate Manager LP boosted its position in shares of Nutrien by 665.4% during the 2nd quarter. Engineers Gate Manager LP now owns 67,888 shares of the company's stock valued at $4,274,000 after acquiring an additional 59,018 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on NTR shares. Weiss Ratings raised shares of Nutrien from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Nutrien in a research note on Monday, August 10th. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the stock a "hold" rating in a report on Wednesday, June 10th. Scotia raised shares of Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 price target on the stock in a research report on Tuesday, June 30th. Finally, BNP Paribas Exane upgraded Nutrien from a "neutral" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Tuesday, July 28th. Seventeen equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $81.15.

Nutrien Trading Up 1.3%

Shares of NYSE NTR opened at $75.49 on Wednesday. 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 stock has a market capitalization of $35.94 billion, a PE ratio of 15.28, a PEG ratio of 0.80 and a beta of 0.62. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The stock has a fifty day simple moving average of $72.23 and a 200-day simple moving average of $71.29.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the business earned $2.65 earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that Nutrien Ltd. will post 4.66 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced 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 is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Nutrien's dividend payout ratio is 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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