259,047 Shares in Nutrien Ltd. $NTR Bought by Old West Investment Management LLC

Old West Investment Management LLC bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 259,047 shares of the company’s stock, valued at approximately $16,307,000. Nutrien makes up approximately 1.7% of Old West Investment Management LLC’s portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTR. Montag A & Associates Inc. lifted its stake in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Nutrien by 1,014.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after purchasing an additional 436 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Nutrien in the second quarter worth about $30,000. Evolution Wealth Management Inc. purchased a new stake in shares of Nutrien in the first quarter worth about $32,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Nutrien in the second quarter worth about $33,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Up 0.0%

Shares of NYSE NTR opened at $68.26 on Monday. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The business’s 50 day moving average is $65.93 and its two-hundred day moving average is $70.39. The stock has a market capitalization of $32.65 billion, a P/E ratio of 13.82, a PEG ratio of 0.68 and a beta of 0.61.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The company had revenue of $10.81 billion during the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 earnings per share. As a group, research analysts expect that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 29th. Nutrien’s dividend payout ratio is currently 44.53%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTR. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Oppenheimer cut their target price on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $74.00 to $90.00 in a research report on Tuesday, May 5th. Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, June 30th. Finally, BNP Paribas Exane raised shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Tuesday, July 28th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.58.

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.