Van Lanschot Kempen Investment Management N.V. Increases Holdings in Nutrien Ltd. $NTR

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 1.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 450,220 shares of the company's stock after buying an additional 7,047 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.09% of Nutrien worth $22,362,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company's stock valued at $347,319,000 after acquiring an additional 2,291,518 shares during the period. Vanguard Group Inc. lifted its stake in Nutrien by 7.1% in the first quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company's stock valued at $1,051,709,000 after purchasing an additional 1,412,503 shares during the last quarter. Nuveen LLC bought a new position in Nutrien during the first quarter valued at $63,542,000. Deutsche Bank AG increased its position in Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after buying an additional 721,935 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Nutrien by 16.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,923,879 shares of the company's stock valued at $244,583,000 after buying an additional 710,908 shares during the period. Institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTR. Morgan Stanley increased their price target on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Wall Street Zen upgraded shares of Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Jefferies Financial Group reiterated a "hold" rating and issued a $66.00 target price (up previously from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Barclays upped their price target on shares of Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, Bank of America lifted their price objective on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Nutrien has a consensus rating of "Moderate Buy" and an average price target of $62.65.

Nutrien Stock Performance

Nutrien stock opened at $56.70 on Tuesday. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a market cap of $27.61 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 0.98 and a beta of 0.81. The firm's fifty day moving average price is $59.49 and its 200-day moving average price is $55.57.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter last year, the business posted $2.34 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien's payout ratio is presently 78.14%.

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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