MQS Management LLC Buys Shares of 11,954 Nutrien Ltd. $NTR

MQS Management LLC bought a new stake in Nutrien Ltd. (NYSE:NTR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,954 shares of the company’s stock, valued at approximately $902,000. Nutrien comprises about 0.6% of MQS Management LLC’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new position in Nutrien in the first quarter valued at approximately $368,000. Canoe Financial LP acquired a new stake in Nutrien during the 1st quarter worth $99,603,000. Larry Mathis Financial Planning LLC acquired a new stake in Nutrien during the 1st quarter worth $209,000. Montgomery Investment Management Inc. bought a new stake in shares of Nutrien during the 1st quarter valued at $268,000. Finally, Union Bancaire Privee UBP SA raised its position in shares of Nutrien by 6,831.4% during the 1st quarter. Union Bancaire Privee UBP SA now owns 185,692 shares of the company’s stock valued at $13,419,000 after acquiring an additional 183,013 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTR. Morgan Stanley raised their price target on Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $96.00 in a report on Thursday, March 12th. Royal Bank Of Canada increased their target price on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Finally, Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.61.

Nutrien Trading Up 2.8%

NYSE:NTR opened at $62.90 on Wednesday. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The stock has a market capitalization of $30.15 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.56 and a beta of 0.60. The business’s 50-day simple moving average is $68.56 and its 200-day simple moving average is $69.58.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Sell-side analysts expect that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

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 issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.5%. Nutrien’s dividend payout ratio (DPR) is presently 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.