De Lisle Partners LLP Boosts Holdings in Nutrien Ltd. (NYSE:NTR)

Key Points

• De Lisle Partners LLP increased its stake in Nutrien Ltd. by 37.0%, acquiring an additional 10,000 shares, bringing its total holdings to 37,000 shares worth approximately $1.84 million.
• Nutrien reported earnings per share of $0.11 for the last quarter, missing estimates significantly, along with a revenue of $4.67 billion, which was below analyst expectations.
• The company’s dividend yield stands at 3.66%, with a recent quarterly dividend of $0.545 per share, indicating a payout ratio of 203.74% as of the latest announcements.

De Lisle Partners LLP grew its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 37.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,000 shares of the company's stock after acquiring an additional 10,000 shares during the period. De Lisle Partners LLP's holdings in Nutrien were worth $1,837,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in Nutrien during the fourth quarter worth $241,958,000. Barclays PLC raised its position in Nutrien by 192.7% during the fourth quarter. Barclays PLC now owns 411,056 shares of the company's stock worth $18,395,000 after acquiring an additional 854,543 shares during the period. Deutsche Bank AG raised its position in Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after acquiring an additional 721,935 shares during the period. Geode Capital Management LLC raised its position in Nutrien by 30.3% during the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock worth $137,202,000 after acquiring an additional 702,948 shares during the period. Finally, Bank of Nova Scotia raised its position in Nutrien by 12.6% during the fourth quarter. Bank of Nova Scotia now owns 5,316,035 shares of the company's stock worth $238,915,000 after acquiring an additional 595,994 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Down 1.2%

NTR stock traded down $0.70 during mid-day trading on Friday, hitting $58.62. 1,515,509 shares of the company were exchanged, compared to its average volume of 2,262,840. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $28.54 billion, a P/E ratio of 54.78, a PEG ratio of 1.09 and a beta of 0.80. The business has a fifty day simple moving average of $60.12 and a 200-day simple moving average of $55.11. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The company's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. On average, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. UBS Group upped their price objective on shares of Nutrien from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Morgan Stanley upped their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $66.00 target price (up from $63.00) on shares of Nutrien in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Nutrien currently has a consensus rating of "Hold" and an average price target of $63.39.

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.