Regency Capital Management Inc. DE Acquires Shares of 27,791 Nutrien Ltd. $NTR

Regency Capital Management Inc. DE acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,791 shares of the company’s stock, valued at approximately $2,097,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. lifted its holdings in shares of Nutrien by 3.4% in the 1st quarter. D.A. Davidson & CO. now owns 135,043 shares of the company’s stock valued at $10,190,000 after purchasing an additional 4,390 shares during the last quarter. RFG Bristol Wealth Advisors LLC purchased a new position in Nutrien during the 1st quarter worth approximately $244,000. Bank of New York Mellon Corp increased its position in Nutrien by 190.3% during the first quarter. Bank of New York Mellon Corp now owns 1,326,262 shares of the company’s stock worth $100,080,000 after buying an additional 869,326 shares during the period. AMG National Trust Bank increased its position in Nutrien by 19.8% during the first quarter. AMG National Trust Bank now owns 7,302 shares of the company’s stock worth $551,000 after buying an additional 1,205 shares during the period. Finally, Legacy Capital Group California Inc. lifted its stake in Nutrien by 59.1% in the first quarter. Legacy Capital Group California Inc. now owns 17,705 shares of the company’s stock valued at $1,336,000 after buying an additional 6,576 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NTR. Berenberg Bank set a $65.00 price objective on Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. UBS Group decreased their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Finally, Oppenheimer raised their price objective on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Nutrien Trading Down 0.4%

NYSE NTR opened at $68.37 on Thursday. The stock has a market capitalization of $32.77 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.66 and a beta of 0.62. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The firm has a 50-day moving average price of $66.94 and a 200 day moving average price of $69.84. 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 quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Equities research analysts expect that Nutrien Ltd. will post 5.19 EPS for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s payout ratio is 44.81%.

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.