Deutsche Bank AG Has $375.94 Million Holdings in Nutrien Ltd. (NYSE:NTR)

Key Points

• Deutsche Bank AG increased its stake in Nutrien Ltd. by 6.5%, now holding 7,568,805 shares worth approximately $375.94 million.
• The stock of Nutrien has experienced a 4.0% decrease recently, with a 1-year price range from a low of $43.69 to a high of $65.08.
• Research analysts have varying ratings for Nutrien, with a consensus rating of "Hold" and an average price target of $63.33.

Deutsche Bank AG boosted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,568,805 shares of the company's stock after purchasing an additional 463,748 shares during the period. Deutsche Bank AG owned about 1.55% of Nutrien worth $375,943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after buying an additional 7,934 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after acquiring an additional 1,002 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Nutrien during the 1st quarter worth approximately $517,000. Bessemer Group Inc. raised its holdings in shares of Nutrien by 163.7% in the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after purchasing an additional 1,049 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings 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 purchasing an additional 1,022 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NTR shares. Royal Bank Of Canada restated an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Raymond James Financial downgraded shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price objective for the company. in a research note on Tuesday, June 17th. The Goldman Sachs Group raised their price objective on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Wells Fargo & Company lifted their target price on Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, TD Securities increased their price target on Nutrien from $67.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $63.33.

Nutrien Stock Down 4.0%

NTR stock opened at $55.63 on Friday. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The business's 50 day simple moving average is $59.98 and its 200 day simple moving average is $55.33. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $27.08 billion, a PE ratio of 19.94, a PEG ratio of 1.06 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data 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 6.55%. The firm had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.40 billion. During the same period in the previous year, the business posted $2.34 earnings per share. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

About Nutrien

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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