Knights of Columbus Asset Advisors LLC Acquires Shares of 9,297 Nutrien Ltd. $NTR

Key Points

• Knights of Columbus Asset Advisors LLC has acquired 9,297 shares of Nutrien Ltd. valued at approximately $541,000 during the second quarter.
• Nutrien recently disclosed a quarterly dividend of $0.545 per share, with an annualized yield of 3.6%, set to be paid on October 17th.
• The company's latest earnings report showed an EPS of $2.65, exceeding expectations and reflecting a 2.8% year-over-year revenue increase.

Knights of Columbus Asset Advisors LLC purchased a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,297 shares of the company's stock, valued at approximately $541,000.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in shares of Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after purchasing an additional 348 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock worth $51,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC grew its holdings 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. Finally, Acadian Asset Management LLC bought a new position in shares of Nutrien in the first quarter worth about $54,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

NTR stock opened at $60.64 on Wednesday. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.99 and a beta of 0.82. The firm has a 50-day simple moving average of $57.64 and a two-hundred day simple moving average of $57.10. Nutrien Ltd. has a one year low of $43.69 and a one year 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.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.41 by $0.24. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 earnings per share. On average, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. The ex-dividend date is Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.6%. Nutrien's dividend payout ratio is 78.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a research note on Monday, July 14th. Scotiabank lowered their price objective on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. Zacks Research lowered shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Finally, TD Securities upped their price objective on shares of Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Nutrien presently has a consensus rating of "Hold" and a consensus 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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