Nutrien Ltd. $NTR Shares Acquired by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in Nutrien Ltd. by 34.7% during the second quarter, now owning 90,471 shares valued at approximately $5.27 million.
• Nutrien recently announced a quarterly dividend of $0.545 per share, with a yield of 3.8% and an annual payout ratio of 78.14%.
• The company's latest earnings report showed an EPS of $2.65, exceeding estimates, along with a revenue of $10.30 billion, a slight increase of 2.8% year-over-year.

Wilmington Savings Fund Society FSB boosted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 34.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,471 shares of the company's stock after buying an additional 23,312 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Nutrien were worth $5,269,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after acquiring an additional 1,022 shares during the last quarter. Farther Finance Advisors LLC boosted 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 valued at $229,000 after purchasing an additional 1,002 shares during the period. Wealth Enhancement Advisory Services LLC increased 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. Exchange Traded Concepts LLC raised its holdings in Nutrien by 2,803.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 24,565 shares of the company's stock worth $1,220,000 after buying an additional 23,719 shares during the period. Finally, Louisbourg Investments Inc. lifted its stake in Nutrien by 19.5% during the first quarter. Louisbourg Investments Inc. now owns 105,906 shares of the company's stock valued at $5,261,000 after buying an additional 17,263 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Trading Down 3.4%

NYSE:NTR opened at $58.01 on Wednesday. The stock's 50 day moving average price is $57.72 and its 200 day moving average price is $57.41. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a market capitalization of $28.15 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.98 and a beta of 0.82. 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 posted its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. On average, research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

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

Wall Street Analysts Forecast Growth

NTR has been the subject of several research analyst reports. Scotiabank reduced their price objective on Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. TD Securities increased their price target on shares of Nutrien from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. National Bank Financial started coverage on shares of Nutrien in a report on Friday, September 5th. They set a "sector perform" rating for the company. UBS Group dropped their price objective on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Nutrien in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.61.

About Nutrien

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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