14,150 Shares in Nutrien Ltd. $NTR Purchased by Ion Asset Management Ltd.

Key Points

• Ion Asset Management Ltd. has acquired 14,150 shares of Nutrien Ltd. valued at approximately $703,000, adding to their portfolio in the first quarter.
• Several other hedge funds have increased their stakes in Nutrien, with Advisors Asset Management Inc. growing its holdings by 23.8% during the same period.
• Nutrien has announced a quarterly dividend of $0.545 per share, representing an annualized dividend yield of 3.8%, to be paid on October 17th.

Ion Asset Management Ltd. acquired a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,150 shares of the company's stock, valued at approximately $703,000.

Several other large investors have also recently bought and sold shares of NTR. Wealth Enhancement Advisory Services LLC raised its stake in Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock worth $608,000 after purchasing an additional 7,934 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Nutrien by 27.6% in the 1st quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock worth $229,000 after purchasing an additional 1,002 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Nutrien during the 1st quarter valued at $517,000. Bessemer Group Inc. increased its stake in Nutrien by 163.7% during the 1st 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 in the last quarter. Finally, GAMMA Investing LLC increased its stake in Nutrien by 4,866.7% during the 1st 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 in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Trading Up 1.6%

Shares of Nutrien stock traded up $0.93 during trading hours on Monday, hitting $57.36. The company's stock had a trading volume of 2,900,583 shares, compared to its average volume of 1,999,660. The firm has a fifty day moving average of $58.65 and a 200-day moving average of $56.17. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 0.95 and a beta of 0.77.

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, beating analysts' consensus estimates of $2.41 by $0.24. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.34 EPS. Research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

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

Analysts Set New Price Targets

NTR has been the subject of several research reports. Raymond James Financial lowered shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a research report on Tuesday, June 17th. Bank of America raised their price objective on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Scotiabank reduced their price objective on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Monday, August 11th. Finally, National Bank Financial initiated coverage on shares of Nutrien in a research note on Friday. They issued a "sector perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $62.72.

Nutrien 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.