Nutrien Ltd. $NTR Shares Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG boosted its holdings in Nutrien Ltd. (NYSE:NTR) by 58.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,715 shares of the company’s stock after purchasing an additional 7,636 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Nutrien were worth $1,217,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NTR. Root Financial Partners LLC purchased a new position in Nutrien during the 3rd quarter worth approximately $37,000. Huntington National Bank grew its holdings in Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 276 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Nutrien during the second quarter worth about $49,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Nutrien during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $71.58 on Thursday. Nutrien Ltd. has a fifty-two week low of $45.78 and a fifty-two week high of $72.36. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. The firm has a market cap of $34.50 billion, a PE ratio of 19.29 and a beta of 0.72. The business has a 50 day moving average price of $62.26 and a two-hundred day moving average price of $59.39.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

Wall Street Analysts Forecast Growth

NTR has been the topic of several recent research reports. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research report on Tuesday. Morgan Stanley raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $77.00 in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a report on Monday, December 29th. Wells Fargo & Company began coverage on shares of Nutrien in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price objective for the company. Finally, UBS Group lifted their price objective on Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $65.88.

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.