Janus Henderson Group PLC Has $35.51 Million Stock Holdings in Nutrien Ltd. $NTR

Janus Henderson Group PLC raised its stake in Nutrien Ltd. (NYSE:NTR) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 472,604 shares of the company’s stock after purchasing an additional 12,509 shares during the period. Janus Henderson Group PLC owned 0.10% of Nutrien worth $35,512,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Parvin Asset Management LLC grew its stake in shares of Nutrien by 4.0% in the 1st quarter. Parvin Asset Management LLC now owns 6,505 shares of the company’s stock valued at $491,000 after buying an additional 250 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 77.3% in the first quarter. EverSource Wealth Advisors LLC now owns 1,743 shares of the company’s stock worth $132,000 after acquiring an additional 760 shares in the last quarter. Recurrent Investment Advisors LLC boosted its holdings in Nutrien by 4.6% in the first quarter. Recurrent Investment Advisors LLC now owns 52,360 shares of the company’s stock worth $3,951,000 after acquiring an additional 2,300 shares in the last quarter. Empowered Funds LLC grew its stake in Nutrien by 688.1% in the first quarter. Empowered Funds LLC now owns 41,026 shares of the company’s stock valued at $3,096,000 after acquiring an additional 35,820 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Nutrien by 25.0% in the first quarter. Quantinno Capital Management LP now owns 107,693 shares of the company’s stock valued at $8,119,000 after acquiring an additional 21,537 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 0.1%

NTR stock opened at $68.98 on Monday. The firm 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 company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The stock’s 50 day moving average is $66.39 and its 200-day moving average is $70.43.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s revenue 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. Sell-side analysts expect that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.

Nutrien Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NTR shares. UBS Group lowered their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. National Bank Financial set a $76.00 price target on shares of Nutrien and gave the company an “outperform” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. boosted their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a report on Tuesday, June 30th. Finally, Mizuho dropped their price objective on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.84.

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.