ASR Vermogensbeheer N.V. Takes $914,000 Position in Nutrien Ltd. (NYSE:NTR)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $914,000 to acquire 18,418 shares in Nutrien Ltd. (NYSE:NTR) during the first quarter.
• Nutrien recently announced a quarterly dividend of $0.545 per share, representing an annualized dividend of $2.18 with a yield of 3.9%.
• Analysts have varied opinions on Nutrien's stock, with one sell rating, nine holds, six buys, and an average price target of $62.65, indicating a consensus rating of "Moderate Buy."

ASR Vermogensbeheer N.V. acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,418 shares of the company's stock, valued at approximately $914,000.

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. increased its holdings in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. Allworth Financial LP increased its holdings in Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after buying an additional 506 shares during the period. GAMMA Investing LLC boosted its position in Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Nutrien during the 1st quarter valued at approximately $65,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Nutrien during the 1st quarter valued at approximately $77,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analyst Weigh In

NTR has been the topic of a number of recent analyst reports. Barclays increased their target price on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Bank of America lifted their price target on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company lifted their price target on Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. UBS Group cut their price objective on Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Oppenheimer raised their price objective on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.65.

Nutrien Price Performance

NTR traded down $0.10 during trading on Thursday, hitting $56.78. 611,509 shares of the stock traded hands, compared to its average volume of 2,278,471. The business has a 50 day moving average price of $59.69 and a 200 day moving average price of $55.43. The company has a market cap of $27.65 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.03 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%. The business's revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $2.34 EPS. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

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

Nutrien 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.