Highstreet Asset Management Inc. boosted its position in Nutrien Ltd (NYSE:NTR) by 40.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,004,722 shares of the company’s stock after buying an additional 291,193 shares during the period. Nutrien accounts for approximately 3.3% of Highstreet Asset Management Inc.’s holdings, making the stock its 7th biggest holding. Highstreet Asset Management Inc.’s holdings in Nutrien were worth $54,659,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. 10 15 Associates Inc. increased its holdings in Nutrien by 1.8% in the second quarter. 10 15 Associates Inc. now owns 50,192 shares of the company’s stock valued at $2,729,000 after buying an additional 897 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in Nutrien by 6.8% in the second quarter. Morningstar Investment Services LLC now owns 14,693 shares of the company’s stock valued at $799,000 after buying an additional 933 shares during the last quarter. Thomas White International Ltd. increased its holdings in Nutrien by 1.7% in the second quarter. Thomas White International Ltd. now owns 67,642 shares of the company’s stock valued at $3,678,000 after buying an additional 1,106 shares during the last quarter. Cypress Capital Management LLC increased its holdings in Nutrien by 0.9% in the second quarter. Cypress Capital Management LLC now owns 194,133 shares of the company’s stock valued at $10,557,000 after buying an additional 1,653 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Nutrien by 253.2% in the second quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock valued at $152,000 after buying an additional 2,000 shares during the last quarter. 66.27% of the stock is owned by hedge funds and other institutional investors.

NYSE:NTR opened at $56.65 on Friday. The company has a market cap of $35.00 billion, a PE ratio of 45.12, a P/E/G ratio of 1.58 and a beta of 0.67. Nutrien Ltd has a 52 week low of $40.41 and a 52 week high of $58.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.07 and a quick ratio of 1.58.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.08. The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $7.70 billion. Nutrien had a return on equity of 10.27% and a net margin of 9.83%. Nutrien’s quarterly revenue was up 10.8% on a year-over-year basis. equities research analysts anticipate that Nutrien Ltd will post 2.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, September 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 2.82%.

Several analysts recently weighed in on the company. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Wednesday, May 9th. Stephens set a $64.00 price objective on Nutrien and gave the company a “buy” rating in a report on Monday, August 6th. Zacks Investment Research lowered Nutrien from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Royal Bank of Canada set a $63.00 target price on Nutrien and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Scotiabank reaffirmed a “buy” rating and set a $65.00 target price on shares of Nutrien in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Nutrien has an average rating of “Buy” and a consensus price target of $61.13.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

Further Reading: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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