Intech Investment Management LLC Acquires 51,126 Shares of Nutrien Ltd. $NTR

Key Points

• Intech Investment Management LLC significantly increased its stake in Nutrien Ltd., acquiring an additional 51,126 shares, bringing their total ownership to 69,128 shares valued at approximately $3.43 million.
• A range of institutional investors have also boosted their holdings in Nutrien, highlighting a positive trend in institutional interest, with 63.10% of the stock now owned by hedge funds and other investors.
• Nutrien recently announced a quarterly dividend of $0.545 per share, reflecting a 3.8% annual yield, with a payout ratio of 78.14% as of the latest reporting period.

Intech Investment Management LLC grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 284.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,128 shares of the company's stock after acquiring an additional 51,126 shares during the quarter. Intech Investment Management LLC's holdings in Nutrien were worth $3,430,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Nutrien by 184.1% in 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 during the period. Farther Finance Advisors LLC raised its holdings in Nutrien by 27.6% during the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after buying an additional 1,002 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Nutrien during the first quarter valued at about $517,000. Bessemer Group Inc. grew its stake in shares of Nutrien by 163.7% in the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after purchasing an additional 1,049 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 worth $52,000 after purchasing an additional 1,022 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTR has been the subject of several research analyst reports. Wall Street Zen cut Nutrien from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Scotiabank dropped their target price on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research report on Monday, August 11th. Oppenheimer lifted their target price on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Morgan Stanley raised their target price on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, UBS Group reduced their price target on Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $62.39.

Nutrien Stock Down 0.2%

NTR stock opened at $57.00 on Friday. The stock has a market capitalization of $27.66 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.96 and a beta of 0.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The business has a fifty day moving average price of $58.41 and a 200-day moving average price of $56.30.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business 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 firm earned $2.34 EPS. Nutrien's revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

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

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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