Vanguard Personalized Indexing Management LLC Has $1.15 Million Position in Nutrien Ltd. $NTR

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 29.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,664 shares of the company’s stock after buying an additional 4,508 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nutrien were worth $1,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbour Investments Inc. grew its position in Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Nutrien during the 2nd quarter worth about $49,000. Allworth Financial LP grew its holdings in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after acquiring an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after acquiring an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after acquiring an additional 1,022 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE NTR opened at $57.51 on Friday. The stock has a market cap of $27.90 billion, a PE ratio of 20.61, a P/E/G ratio of 0.94 and a beta of 0.82. 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 firm has a 50-day moving average of $57.77 and a 200-day moving average of $57.57. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08.

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

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were paid a $0.545 dividend. The ex-dividend date was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien’s payout ratio is 78.14%.

Analysts Set New Price Targets

NTR has been the topic of several recent analyst reports. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Jefferies Financial Group lowered their target price on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. Scotiabank cut their price target on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research note on Monday, August 11th. Oppenheimer boosted their price objective on shares of Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.78.

Nutrien Company 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.