Nutrien Ltd. $NTR Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Nutrien Ltd. (NYSE:NTR) by 2.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,798,196 shares of the company’s stock after buying an additional 189,683 shares during the period. Deutsche Bank AG’s holdings in Nutrien were worth $604,745,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Montag A & Associates Inc. boosted its stake in Nutrien by 310.7% during 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 in the last quarter. Eastern Bank boosted its stake in Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares in the last quarter. Harbour Investments Inc. boosted its stake in Nutrien by 97.2% during the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after buying an additional 347 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after buying an additional 219 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in Nutrien during the third quarter valued at about $46,000. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NTR. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and raised their target price for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Scotiabank increased their price target on Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce decreased their price target on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research report on Thursday, April 30th. Finally, Oppenheimer increased their price target on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.75.

Nutrien Trading Down 1.5%

NYSE:NTR opened at $66.29 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The firm has a market capitalization of $31.82 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60. The stock has a fifty day simple moving average of $71.91 and a 200 day simple moving average of $69.04.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the company posted $0.11 EPS. Nutrien’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

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.