Sei Investments Co. Boosts Holdings in Nutrien Ltd. $NTR

Key Points

• Sei Investments increased its Nutrien stake by 84.7% in the first quarter, adding 251,252 shares to hold 547,834 shares worth approximately $41.3 million. Institutional investors collectively own 63.1% of Nutrien.
• Nutrien reported stronger-than-expected quarterly results, with EPS of $0.51 versus the $0.48 consensus and revenue of $6.05 billion, up 18.5% year over year. Analysts expect full-year EPS of $5.08.
• The stock recently traded at $68.18, while analysts maintain a “Moderate Buy” consensus with an average price target of $81.89. Nutrien also pays a quarterly dividend of $0.55 per share, representing a 3.2% annualized yield.

Sei Investments Co. lifted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 84.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 547,834 shares of the company's stock after purchasing an additional 251,252 shares during the period. Sei Investments Co. owned approximately 0.11% of Nutrien worth $41,340,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in Nutrien by 50.2% in the 1st quarter. Cetera Investment Advisers now owns 64,037 shares of the company's stock valued at $4,824,000 after buying an additional 21,398 shares during the period. First Trust Advisors LP grew its stake in shares of Nutrien by 52.2% in the first quarter. First Trust Advisors LP now owns 241,671 shares of the company's stock worth $18,236,000 after acquiring an additional 82,932 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in shares of Nutrien during the first quarter worth $9,455,000. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Nutrien during the first quarter worth $918,000. Finally, Cadence Wealth Management LLC raised its stake in shares of Nutrien by 9.8% in the first quarter. Cadence Wealth Management LLC now owns 16,926 shares of the company's stock valued at $1,277,000 after acquiring an additional 1,505 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Nutrien stock opened at $68.18 on Monday. The stock has a market cap of $32.61 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. The company has a fifty day simple moving average of $66.52 and a 200-day simple moving average of $70.09. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company's revenue was up 18.5% compared to the same quarter last year. Equities analysts expect that Nutrien Ltd. will post 5.08 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien's dividend payout ratio is currently 44.81%.

Analyst Ratings Changes

NTR has been the subject of a number of recent research reports. Raymond James Financial upgraded Nutrien from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $74.00 to $90.00 in a report on Tuesday, May 5th. Wall Street Zen downgraded Nutrien from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Bank of America raised Nutrien from a "neutral" rating to a "buy" rating and set a $82.00 price target on the stock in a research report on Thursday, April 30th. Oppenheimer decreased their price objective on Nutrien from $82.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, Weiss Ratings raised Nutrien from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, June 1st. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.89.

Nutrien Company 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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