Nykredit A S Makes New $8.98 Million Investment in Nutrien Ltd. $NTR

Nykredit A S bought a new position in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 142,750 shares of the company’s stock, valued at approximately $8,980,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after purchasing an additional 13,313,817 shares in the last quarter. First Eagle Investment Management LLC increased its position in Nutrien by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock worth $821,326,000 after purchasing an additional 70,068 shares during the period. Deutsche Bank AG increased its position in Nutrien by 2.0% during the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after purchasing an additional 189,683 shares during the period. TD Asset Management Inc raised its stake in shares of Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after buying an additional 1,559,673 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Nutrien by 4.4% during the 4th quarter. Mackenzie Financial Corp now owns 7,219,733 shares of the company’s stock worth $450,310,000 after buying an additional 305,458 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Mizuho decreased their price target on Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. National Bank Financial cut their price objective on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Berenberg Bank set a $65.00 target price on Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a research report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Price Performance

Shares of NYSE:NTR opened at $79.53 on Friday. The firm has a market capitalization of $37.95 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 0.84 and a beta of 0.62. 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 simple moving average is $69.08 and its 200-day simple moving average is $70.83. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share 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 analysts’ expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 earnings per share. As a group, equities analysts forecast that Nutrien Ltd. will post 4.71 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be given 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 2.8%. Nutrien’s dividend payout ratio (DPR) is currently 44.53%.

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.