111 Capital Invests $1.18 Million in Nutrien Ltd. $NTR

111 Capital acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, Holdings Channel reports. The fund acquired 20,143 shares of the company’s stock, valued at approximately $1,175,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board boosted its stake in Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock worth $2,349,000 after buying an additional 200 shares during the last quarter. Blume Capital Management Inc. boosted its position in shares of Nutrien by 0.7% in the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after acquiring an additional 220 shares during the last quarter. Weatherly Asset Management L. P. boosted its position in shares of Nutrien by 0.7% in the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after acquiring an additional 266 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Nutrien by 5.9% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company’s stock worth $275,000 after acquiring an additional 309 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Nutrien by 20.6% in the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock worth $106,000 after acquiring an additional 311 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NTR shares. Wells Fargo & Company lifted their price target on shares of Nutrien from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. National Bank Financial initiated coverage on shares of Nutrien in a report on Friday, September 5th. They set a “sector perform” rating on the stock. UBS Group reduced their price objective on Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Morgan Stanley boosted their price objective on Nutrien from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nutrien has an average rating of “Hold” and an average target price of $62.39.

Nutrien Stock Performance

Shares of NTR opened at $59.37 on Friday. The firm has a market cap of $28.81 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 0.98 and a beta of 0.82. The business’s 50 day moving average is $57.62 and its two-hundred day moving average is $56.96. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 earnings per share. Analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio is 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.