Hsbc Holdings PLC Takes $4.82 Million Position in Nutrien Ltd. $NTR

Key Points

• HSBC Holdings acquired a new $4.82 million stake in Nutrien during the second quarter, purchasing 76,254 shares. Institutional investors collectively own 63.1% of the company.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year, but earnings per share of $2.61 fell short of estimates by $0.09. The company declared a quarterly dividend of $0.55, representing a 2.7% annualized yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $81.58, while Nutrien shares recently traded at $80.80.

Hsbc Holdings PLC acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 76,254 shares of the company's stock, valued at approximately $4,818,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTR. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company's stock valued at $30,000 after buying an additional 436 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Nutrien during the 2nd quarter worth $30,000. Evolution Wealth Management Inc. bought a new stake in shares of Nutrien during the 1st quarter valued at $32,000. Allied Private Wealth LLC bought a new stake in shares of Nutrien during the 2nd quarter valued at $33,000. Finally, Sfam LLC purchased a new stake in shares of Nutrien in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Trading Up 0.2%

Shares of Nutrien stock opened at $80.80 on Thursday. The company has a market capitalization of $38.56 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.86 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The company has a fifty day moving average of $70.15 and a 200 day moving average of $71.04. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

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 analysts' consensus estimates of $2.70 by ($0.09). The business had revenue of $10.81 billion during the quarter, compared to analysts' expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 EPS. On average, sell-side analysts anticipate that Nutrien Ltd. will post 4.71 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be issued 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 yield of 2.7%. Nutrien's payout ratio is currently 44.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer decreased their target price on Nutrien from $82.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Berenberg Bank set a $65.00 price target on Nutrien and gave the stock a "hold" rating in a research report on Wednesday, June 10th. Wall Street Zen downgraded Nutrien from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Morgan Stanley lowered their price objective on Nutrien from $93.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Finally, Scotia upgraded Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 price objective for the company in a research note on Tuesday, June 30th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Nutrien currently has an average rating of "Moderate Buy" and an average price target of $81.58.

Nutrien Company Profile

Nutrien Ltd. NYSE: NTR is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.

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