Principal Financial Group Inc. Buys 51,908 Shares of Nutrien Ltd. $NTR

Principal Financial Group Inc. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 17.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 354,104 shares of the company’s stock after purchasing an additional 51,908 shares during the period. Principal Financial Group Inc.’s holdings in Nutrien were worth $26,645,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in Nutrien in the first quarter valued at approximately $1,321,000. J. Safra Sarasin Holding AG increased its position in Nutrien by 123.0% in the first quarter. J. Safra Sarasin Holding AG now owns 53,828 shares of the company’s stock worth $4,050,000 after buying an additional 29,694 shares during the last quarter. Trifecta Capital Advisors LLC bought a new stake in shares of Nutrien in the first quarter valued at $132,000. U S Global Investors Inc. raised its stake in shares of Nutrien by 20.0% in the first quarter. U S Global Investors Inc. now owns 30,000 shares of the company’s stock valued at $2,264,000 after buying an additional 5,000 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Nutrien by 17.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,304 shares of the company’s stock valued at $778,000 after buying an additional 1,503 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 1.0%

Nutrien stock opened at $66.64 on Tuesday. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.66 and a beta of 0.62. The business’s fifty day simple moving average is $66.80 and its two-hundred day simple moving average is $69.93. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, equities analysts predict that Nutrien Ltd. will post 5.11 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce cut their target price on Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a research note on Thursday, April 30th. Oppenheimer increased their price target on shares of Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Nutrien 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.