DekaBank Deutsche Girozentrale Acquires 111,033 Shares of Nutrien Ltd. $NTR

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Nutrien Ltd. by 26.2%, acquiring an additional 111,033 shares, bringing its total ownership to approximately 534,983 shares valued at $30.93 million.
• Nutrien reported earnings of $2.65 EPS for the last quarter, surpassing analysts' expectations of $2.41, with revenue of $10.30 billion.
• The company announced a quarterly dividend of $0.545 per share, resulting in an annualized yield of 3.8% and a payout ratio of 78.14%.

DekaBank Deutsche Girozentrale boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 26.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 534,983 shares of the company's stock after purchasing an additional 111,033 shares during the period. DekaBank Deutsche Girozentrale owned about 0.11% of Nutrien worth $30,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTR. Harbour Investments Inc. lifted its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 348 shares during the period. Trust Co. of Toledo NA OH bought a new position in Nutrien during the second quarter worth about $49,000. Allworth Financial LP lifted its stake in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock worth $51,000 after purchasing an additional 935 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NTR stock opened at $56.77 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The company has a 50 day moving average price of $57.80 and a 200 day moving average price of $57.67. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The stock has a market capitalization of $27.55 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82.

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

Nutrien Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NTR shares. Jefferies Financial Group cut their target price on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating for the company in a research note on Tuesday, September 9th. Oppenheimer reiterated an "outperform" rating on shares of Nutrien in a research note on Wednesday. Barclays lifted their target price on shares of Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. TD Securities lifted their target price on shares of Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of Nutrien from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.78.

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.

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