Natixis increased its holdings in Nutrien Ltd (NYSE:NTR) by 27.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,716 shares of the company’s stock after acquiring an additional 1,901 shares during the quarter. Natixis’ holdings in Nutrien were worth $467,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in NTR. Meadow Creek Investment Management LLC raised its stake in Nutrien by 17.1% during the second quarter. Meadow Creek Investment Management LLC now owns 7,684 shares of the company’s stock valued at $395,000 after buying an additional 1,122 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Nutrien by 17.1% during the second quarter. Glen Harbor Capital Management LLC now owns 4,972 shares of the company’s stock valued at $256,000 after buying an additional 726 shares in the last quarter. Commonwealth Bank of Australia raised its stake in Nutrien by 46.1% during the second quarter. Commonwealth Bank of Australia now owns 1,318 shares of the company’s stock valued at $69,000 after buying an additional 416 shares in the last quarter. Elkfork Partners LLC raised its stake in Nutrien by 17.1% during the second quarter. Elkfork Partners LLC now owns 6,328 shares of the company’s stock valued at $325,000 after buying an additional 924 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Nutrien by 47.8% during the second quarter. Northern Trust Corp now owns 471,315 shares of the company’s stock valued at $25,197,000 after purchasing an additional 152,467 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.
Shares of NYSE NTR traded down $0.20 during mid-day trading on Tuesday, reaching $48.41. The company had a trading volume of 1,110,826 shares, compared to its average volume of 1,570,917. The stock has a market capitalization of $27.77 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91. Nutrien Ltd has a twelve month low of $43.96 and a twelve month high of $58.36. The stock’s 50 day moving average is $50.11 and its 200-day moving average is $51.52.
Nutrien (NYSE:NTR) last posted its earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion for the quarter, compared to analysts’ expectations of $8.17 billion. Nutrien’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Sell-side analysts forecast that Nutrien Ltd will post 2.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, September 27th. This is a boost from Nutrien’s previous quarterly dividend of $0.43. Nutrien’s dividend payout ratio (DPR) is presently 66.91%.
A number of equities analysts recently issued reports on the company. Consumer Edge assumed coverage on Nutrien in a report on Monday, September 23rd. They issued an “overweight” rating and a $67.00 price objective for the company. Raymond James reissued a “strong-buy” rating and issued a $70.00 price objective on shares of Nutrien in a report on Tuesday, July 30th. TD Securities increased their price target on Nutrien from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised Nutrien from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets set a $60.00 price target on Nutrien and gave the company a “buy” rating in a research note on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $61.60.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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