Exchange Traded Concepts LLC Purchases 65,022 Shares of Nutrien Ltd. $NTR

Key Points

• Exchange Traded Concepts LLC significantly increased its stake in Nutrien Ltd. by 264.7% during the second quarter, now holding 89,587 shares valued at approximately $5.2 million.
• Major institutional investors, including Vanguard Group and JPMorgan Chase, have also boosted their holdings in Nutrien, with a combined institutional ownership of 63.10%.
• Nutrien announced a quarterly dividend of $0.545 per share, representing an annualized yield of 3.9%, set to be paid on October 17th.

Exchange Traded Concepts LLC boosted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 264.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,587 shares of the company's stock after acquiring an additional 65,022 shares during the quarter. Exchange Traded Concepts LLC's holdings in Nutrien were worth $5,218,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NTR. Harbour Investments Inc. increased its stake in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after buying an additional 348 shares during the period. Allworth Financial LP increased its stake in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after acquiring an additional 506 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $51,000 after purchasing an additional 935 shares in the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 1,022 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Nutrien in the first quarter worth approximately $54,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Up 0.0%

NYSE NTR traded up $0.01 during trading on Tuesday, hitting $57.01. 376,084 shares of the company traded hands, compared to its average volume of 2,291,169. 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 company has a market capitalization of $27.66 billion, a P/E ratio of 20.44, a PEG ratio of 0.93 and a beta of 0.77. The business has a fifty day simple moving average of $57.87 and a 200 day simple moving average of $56.59. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the prior year, the firm earned $2.34 EPS. Nutrien's quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The firm also recently declared 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%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NTR shares. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. Jefferies Financial Group cut their target price on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating for the company in a research note on Tuesday, September 9th. Wells Fargo & Company lifted their price target on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Barclays upped their price target on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, National Bank Financial began coverage on Nutrien in a report on Friday, September 5th. They issued a "sector perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and a consensus target price 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.