Hikari Power Ltd Makes New $9.44 Million Investment in Nutrien Ltd. $NTR

Key Points

• Hikari Power Ltd. acquired 150,000 Nutrien shares worth approximately $9.44 million in the second quarter, making Nutrien its 13th-largest holding and representing 1.1% of its portfolio.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year and above estimates, but earnings per share of $2.61 fell short of the $2.70 consensus forecast.
• The company declared a quarterly dividend of $0.55 per share, equivalent to a 3.2% annual yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $81.58, despite some recent target cuts.

Hikari Power Ltd acquired a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 150,000 shares of the company's stock, valued at approximately $9,443,000. Nutrien accounts for approximately 1.1% of Hikari Power Ltd's investment portfolio, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. raised its stake in Nutrien by 4.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,359,022 shares of the company's stock worth $145,257,000 after acquiring an additional 94,510 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Nutrien by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company's stock valued at $1,386,546,000 after purchasing an additional 479,834 shares in the last quarter. CORDA Investment Management LLC. bought a new stake in shares of Nutrien in the 2nd quarter worth about $33,209,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Nutrien in the 2nd quarter worth about $8,363,000. Finally, Geode Capital Management LLC increased its position in shares of Nutrien by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company's stock worth $304,217,000 after purchasing an additional 309,025 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $68.26 on Monday. The business has a fifty day moving average of $65.93 and a 200-day moving average of $70.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The firm has a market cap of $32.65 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.68 and a beta of 0.61.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same quarter last year, the company earned $2.65 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien's payout ratio is currently 44.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. National Bank Financial cut their price target on shares of Nutrien from $76.00 to $74.00 and set an "outperform" rating for the company in a report on Monday, August 10th. UBS Group decreased their price objective on shares of Nutrien from $67.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Nutrien in a report on Monday, August 10th. Barclays cut their target price on shares of Nutrien from $81.00 to $78.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Finally, TD Securities reissued a "buy" rating on shares of Nutrien in a report on Wednesday, May 6th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.58.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien's business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.

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