DJE Kapital AG Purchases 1,430,708 Shares of Nutrien Ltd. $NTR

DJE Kapital AG boosted its position in Nutrien Ltd. (NYSE:NTR) by 1,373.6% in the 1st quarter, HoldingsChannel reports. The firm owned 1,534,869 shares of the company’s stock after acquiring an additional 1,430,708 shares during the period. Nutrien makes up about 2.6% of DJE Kapital AG’s portfolio, making the stock its 13th largest position. DJE Kapital AG’s holdings in Nutrien were worth $116,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Montag A & Associates Inc. raised its stake in Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the period. Evolution Wealth Management Inc. bought a new position in shares of Nutrien during the 1st quarter worth approximately $32,000. Sfam LLC bought a new position in shares of Nutrien during the 4th quarter worth approximately $37,000. Eastern Bank increased its holdings in shares of Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after acquiring an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the subject of several research reports. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target for the company in a report on Tuesday, June 30th. Royal Bank Of Canada lifted their price objective on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, April 30th. Morgan Stanley dropped their price objective on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.00.

Nutrien Trading Down 1.0%

Shares of Nutrien stock opened at $66.64 on Tuesday. The firm has a 50-day moving average of $66.80 and a 200-day moving average of $69.93. The stock has a market cap of $31.88 billion, a PE ratio of 13.57, a PEG 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 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 released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the company posted $0.11 earnings per share. Nutrien’s revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Nutrien Ltd. will post 5.11 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend 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.