Mn Services Vermogensbeheer B.V. Has $10.62 Million Stake in Nutrien Ltd. $NTR

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Nutrien Ltd. by 111.4%, owning a total of 182,586 shares worth approximately $10.6 million after purchasing an additional 96,200 shares during the second quarter.
• Several other institutional investors, including Public Sector Pension Investment Board and Tidal Investments LLC, also raised their stakes, leading to institutions and hedge funds owning 63.10% of Nutrien's stock.
• Nutrien announced a quarterly dividend of $0.545 per share, with a dividend yield of 3.9%, which will be paid on October 17th to stockholders of record as of September 29th.

Mn Services Vermogensbeheer B.V. lifted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 111.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,586 shares of the company's stock after acquiring an additional 96,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Nutrien were worth $10,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Investments Inc. raised its position in Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after acquiring an additional 348 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after buying an additional 1,022 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Nutrien in the first quarter worth approximately $54,000. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Zacks Research downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 16th. Wall Street Zen lowered Nutrien from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. UBS Group dropped 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. Finally, National Bank Financial started coverage on shares of Nutrien in a research note on Friday, September 5th. They set a "sector perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $62.39.

Nutrien Stock Up 0.0%

NTR stock traded up $0.02 during mid-day trading on Tuesday, hitting $57.02. The stock had a trading volume of 299,151 shares, compared to its average volume of 2,290,698. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The company has a fifty day moving average of $57.87 and a 200 day moving average of $56.59. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $27.67 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 0.93 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last announced 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. 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 analysts' expectations of $10.40 billion. During the same quarter in the previous year, the business posted $2.34 EPS. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.8%. Nutrien's dividend payout ratio (DPR) is currently 78.14%.

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.