J. Safra Sarasin Holding AG Sells 26,511 Shares of Nutrien Ltd. $NTR

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Nutrien Ltd. by 67% during the 2nd quarter, selling 26,511 shares, and now holds 13,079 shares worth approximately $761,000.
• Institutional ownership in Nutrien stands at 63.10%, with major investors like Vanguard and JPMorgan Chase significantly increasing their stakes in the past quarter.
• Nutrien reported a revenue of $10.30 billion in its latest quarterly results, along with an earnings per share of $2.65, exceeding analyst expectations.

J. Safra Sarasin Holding AG decreased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 67.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,079 shares of the company's stock after selling 26,511 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Nutrien were worth $761,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Nutrien by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock valued at $1,051,709,000 after buying an additional 1,412,503 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Nutrien by 17.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company's stock valued at $436,137,000 after buying an additional 1,284,181 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Nutrien by 0.7% in the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company's stock valued at $389,860,000 after buying an additional 54,918 shares in the last quarter. Deutsche Bank AG boosted its stake in Nutrien by 6.5% in the 1st quarter. Deutsche Bank AG now owns 7,568,805 shares of the company's stock valued at $375,943,000 after buying an additional 463,748 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Nutrien by 48.7% in the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after buying an additional 2,291,518 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Price Performance

Nutrien stock opened at $59.37 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The firm has a market cap of $28.81 billion, a P/E ratio of 21.28, a P/E/G ratio of 0.97 and a beta of 0.82. The business's fifty day moving average is $57.62 and its two-hundred day moving average is $56.99.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is 78.14%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group decreased their price target on Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nutrien in a research note on Saturday, September 27th. Oppenheimer boosted their price objective on Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. Finally, Wells Fargo & Company boosted their price objective on Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Nutrien currently has an average rating of "Hold" and an average price target of $62.39.

Nutrien Company 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.

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