Seed Wealth Management Inc. Takes $204,000 Position in Nutrien Ltd. (NYSE:NTR)

Seed Wealth Management Inc. bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,115 shares of the company's stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in NTR. Norges Bank acquired a new stake in shares of Nutrien in the 4th quarter valued at about $241,958,000. Arrowstreet Capital Limited Partnership boosted its stake in Nutrien by 159.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company's stock valued at $242,976,000 after purchasing an additional 3,341,169 shares during the last quarter. Barclays PLC boosted its stake in Nutrien by 192.7% during the 4th quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after purchasing an additional 854,543 shares during the last quarter. Deutsche Bank AG boosted its stake in Nutrien by 11.3% during the 4th quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock valued at $317,951,000 after purchasing an additional 721,935 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Nutrien by 30.3% during the 4th quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company's stock valued at $137,202,000 after purchasing an additional 702,948 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NTR. Bank of America lifted their price target on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Berenberg Bank lifted their price target on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group lifted their price target on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research note on Friday, May 9th. Oppenheimer lifted their price target on Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Finally, Barclays lifted their price target on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Nutrien currently has an average rating of "Hold" and a consensus target price of $61.94.

Nutrien Trading Down 1.4%

NYSE:NTR opened at $61.95 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $30.21 billion, a PE ratio of 57.89, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. The firm's 50 day moving average is $56.94 and its 200 day moving average is $52.22. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the firm earned $0.46 EPS. The company's revenue was down 5.4% compared to the same quarter last year. Sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.52%. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

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.

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