2,175,282 Shares in Nutrien Ltd. $NTR Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, Holdings Channel.com reports. The fund acquired 2,175,282 shares of the company’s stock, valued at approximately $138,130,000.

Other large investors have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its stake in shares of Nutrien by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after buying an additional 145 shares during the period. Minot DeBlois Advisors LLC increased its stake in shares of Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after acquiring an additional 164 shares during the last quarter. Banque Cantonale Vaudoise boosted its position in Nutrien by 15.9% during the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after purchasing an additional 164 shares during the last quarter. Gould Asset Management LLC CA grew its stake in Nutrien by 4.4% in the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock valued at $297,000 after purchasing an additional 165 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Nutrien by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NTR shares. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Barclays lowered their price target on Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Mizuho dropped their price objective on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Price Performance

NYSE NTR opened at $75.36 on Monday. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a fifty day simple moving average of $66.42 and a 200 day simple moving average of $70.43. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The company has a market cap of $36.05 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.76 and a beta of 0.61.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm 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 business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.65 EPS. On average, sell-side analysts predict that Nutrien Ltd. will post 4.95 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s payout ratio is presently 44.53%.

About Nutrien

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.