Nutrien Ltd. $NTR Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,797 shares of the company’s stock after acquiring an additional 11,027 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Nutrien were worth $5,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Montag A & Associates Inc. increased its stake in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Nutrien during the third quarter worth $37,000. Eastern Bank grew its holdings in Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after purchasing an additional 399 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Nutrien by 42.4% in the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after buying an additional 219 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Nutrien in the third quarter valued at $46,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NTR shares. BMO Capital Markets boosted their price objective on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Morgan Stanley upped their price target on shares of Nutrien from $77.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. UBS Group lowered their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday. Finally, Mizuho raised their price objective on shares of Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

Nutrien Stock Down 0.9%

NTR opened at $71.30 on Thursday. The firm has a market cap of $34.28 billion, a P/E ratio of 14.52 and a beta of 0.64. The business’s fifty day simple moving average is $74.66 and its 200 day simple moving average is $67.34. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts anticipate that Nutrien Ltd. will post 5.09 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is currently 44.81%.

About Nutrien

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.