First Nebraska Trust Co Invests $961,000 in Nutrien Ltd. $NTR

First Nebraska Trust Co purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) during the first quarter, Holdings Channel reports. The firm purchased 12,736 shares of the company’s stock, valued at approximately $961,000.

Several other large investors also recently bought and sold shares of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Nutrien by 65.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after purchasing an additional 9,950 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Nutrien by 6.2% in the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Nutrien in the first quarter valued at approximately $516,000. Acadian Asset Management LLC acquired a new stake in shares of Nutrien in the first quarter valued at approximately $54,000. Finally, Prudential Financial Inc. purchased a new position in Nutrien during the second quarter worth approximately $203,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 2.5%

NTR opened at $68.98 on Friday. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The stock has a market capitalization of $33.00 billion, a PE ratio of 14.05, a P/E/G ratio of 0.69 and a beta of 0.62. The business’s 50 day moving average price is $66.39 and its 200 day moving average price is $70.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. As a group, equities research analysts expect that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on NTR shares. UBS Group lowered their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Barclays cut their target price on Nutrien from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Monday, July 27th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, April 30th. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a “hold” rating in a research report on Wednesday, June 10th. Finally, Raymond James Financial raised 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 report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $81.84.

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.