Nykredit A S Purchases New Position in Nutrien Ltd. $NTR

Key Points

• Nykredit A/S purchased 142,750 shares of Nutrien during the second quarter, a stake valued at approximately $8.98 million. Other institutional investors also added positions, and institutions collectively own 63.1% of the company.
• Nutrien reported quarterly EPS of $2.61, missing analyst estimates of $2.70, while revenue reached $10.81 billion and increased 3.6% year over year.
• The company declared a quarterly dividend of $0.55 per share, equal to a $2.20 annualized payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $81.58.

Nykredit A S purchased a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 142,750 shares of the company's stock, valued at approximately $8,980,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Addenda Capital Inc. boosted its holdings in shares of Nutrien by 6.2% in the 2nd quarter. Addenda Capital Inc. now owns 112,460 shares of the company's stock valued at $7,079,000 after buying an additional 6,560 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Nutrien in the 2nd quarter valued at $385,000. Quantitative Investment Management LLC acquired a new stake in Nutrien during the 2nd quarter worth $3,114,000. Moore Capital Management LP acquired a new stake in Nutrien during the 2nd quarter worth $8,568,000. Finally, Benjamin Edwards Inc. lifted its position in Nutrien by 13.5% in the second quarter. Benjamin Edwards Inc. now owns 4,757 shares of the company's stock valued at $300,000 after acquiring an additional 567 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Price Performance

Shares of NYSE:NTR opened at $79.53 on Friday. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The stock has a market capitalization of $37.95 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 0.84 and a beta of 0.62. The company has a 50-day simple moving average of $69.08 and a 200-day simple moving average of $70.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). The company had revenue of $10.81 billion for the quarter, compared to analysts' expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.65 EPS. On average, analysts predict that Nutrien Ltd. will post 4.71 EPS for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 29th. Nutrien's dividend payout ratio (DPR) is 44.53%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Nutrien from $77.00 to $75.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Scotiabank raised Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 target price for the company in a report on Tuesday, June 30th. Barclays decreased their target price on Nutrien from $81.00 to $78.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Berenberg Bank set a $65.00 price target on Nutrien and gave the stock a "hold" rating in a research note on Wednesday, June 10th. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Nutrien in a research report on Monday, August 10th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $81.58.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien's business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.

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