SailingStone Capital Partners LLC Increases Position in Nutrien Ltd. $NTR

Key Points

• SailingStone Capital Partners more than doubled its Nutrien stake in the second quarter, increasing holdings by 115.2% to 288,350 shares valued at approximately $18.2 million. Institutional investors collectively own 63.1% of Nutrien.
• Nutrien shares opened at $80.80, near their 52-week high of $85.36, while analysts maintain a “Moderate Buy” consensus with an average price target of $81.58.
• The company reported quarterly revenue of $10.81 billion, ahead of estimates, but earnings of $2.61 per share missed expectations. Nutrien also declared a quarterly dividend of $0.55 per share, equivalent to a 2.7% annual yield.

SailingStone Capital Partners LLC raised its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 115.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 288,350 shares of the company's stock after purchasing an additional 154,377 shares during the period. Nutrien makes up approximately 3.5% of SailingStone Capital Partners LLC's portfolio, making the stock its 10th biggest holding. SailingStone Capital Partners LLC owned about 0.06% of Nutrien worth $18,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Guggenheim Capital LLC boosted its position in shares of Nutrien by 2.2% during the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company's stock valued at $409,000 after buying an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC raised its position in Nutrien by 1.8% in the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company's stock valued at $557,000 after buying an additional 164 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in Nutrien by 15.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company's stock valued at $90,000 after acquiring an additional 164 shares in the last quarter. Gould Asset Management LLC CA lifted its stake in Nutrien by 4.4% during the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company's stock valued at $297,000 after acquiring an additional 165 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 21.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company's stock worth $61,000 after acquiring an additional 176 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Up 0.2%

NYSE NTR opened at $80.80 on Thursday. The business's fifty day moving average is $70.15 and its 200-day moving average is $71.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The stock has a market capitalization of $38.56 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.86 and a beta of 0.62. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 EPS. Equities research 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. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien's dividend payout ratio is currently 44.53%.

Wall Street Analysts Forecast Growth

NTR has been the subject of several analyst reports. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the company a "hold" rating in a report on Wednesday, June 10th. Wall Street Zen cut shares of Nutrien from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Oppenheimer reduced their price objective on shares of Nutrien from $82.00 to $80.00 and set an "outperform" rating for the company in a research report on Thursday, July 23rd. BNP Paribas Exane raised shares of Nutrien from a "neutral" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Tuesday, July 28th. Finally, National Bank Financial cut their target price on Nutrien from $76.00 to $74.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Nutrien has a consensus rating of "Moderate Buy" and an average target price of $81.58.

Nutrien Profile

Nutrien Ltd. NYSE: NTR is a global provider of crop inputs and agricultural services. The company produces and distributes essential nutrients, including potash, nitrogen and phosphate products, which farmers use to support crop growth and improve yields.

Through its retail operations, Nutrien supplies farmers with seed, crop protection products, fertilizers and agronomic services. Its retail network also provides farm management recommendations, application services and other solutions designed to help growers manage their operations and use agricultural inputs more efficiently.

Nutrien was formed in 2018 through the merger of Potash Corporation of Saskatchewan and Agrium.

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