Sei Investments Co. Increases Stock Holdings in Nutrien Ltd. $NTR

Sei Investments Co. grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 84.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547,834 shares of the company’s stock after purchasing an additional 251,252 shares during the quarter. Sei Investments Co.’s holdings in Nutrien were worth $41,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NTR. Cetera Investment Advisers boosted its holdings in shares of Nutrien by 50.2% in the 1st quarter. Cetera Investment Advisers now owns 64,037 shares of the company’s stock valued at $4,824,000 after buying an additional 21,398 shares in the last quarter. First Trust Advisors LP raised its stake in Nutrien by 52.2% during the 1st quarter. First Trust Advisors LP now owns 241,671 shares of the company’s stock worth $18,236,000 after acquiring an additional 82,932 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in Nutrien during the 1st quarter worth $9,455,000. Himension Capital Singapore PTE. LTD. purchased a new stake in Nutrien in the first quarter valued at $918,000. Finally, Cadence Wealth Management LLC lifted its position in Nutrien by 9.8% in the first quarter. Cadence Wealth Management LLC now owns 16,926 shares of the company’s stock valued at $1,277,000 after acquiring an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the subject of several research analyst reports. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a report on Thursday, April 30th. Scotia raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 30th. National Bank Financial set a $76.00 target price on Nutrien and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, TD Securities restated a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien has an average rating of “Moderate Buy” and an average price target of $81.89.

Nutrien Trading Up 0.1%

NYSE:NTR opened at $68.18 on Monday. The stock has a fifty day simple moving average of $66.52 and a 200-day simple moving average of $70.09. The company has a market capitalization of $32.61 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.67 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 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 results 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 net margin of 8.58% and a return on equity of 8.84%. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the previous year, the company posted $0.11 earnings per share. Nutrien’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts expect that Nutrien Ltd. will post 5.08 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Nutrien’s payout ratio is presently 44.81%.

Nutrien 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.