22,000 Shares in Nutrien Ltd. $NTR Purchased by De Lisle Partners LLP

De Lisle Partners LLP bought a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,000 shares of the company’s stock, valued at approximately $1,385,000.

A number of other large investors also recently added to or reduced their stakes in NTR. CORDA Investment Management LLC. bought a new position in shares of Nutrien during the second quarter worth $33,209,000. Vanguard Group Inc. increased its holdings in Nutrien by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after acquiring an additional 479,834 shares during the last quarter. Bryn Mawr Trust Advisors LLC purchased a new stake in Nutrien in the 2nd quarter worth $8,363,000. Geode Capital Management LLC boosted its holdings in shares of Nutrien by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 4,833,284 shares of the company’s stock valued at $304,217,000 after purchasing an additional 309,025 shares during the last quarter. Finally, Black Creek Investment Management Inc. boosted its holdings in shares of Nutrien by 7.9% during the 4th quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company’s stock valued at $157,796,000 after purchasing an additional 185,864 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of Nutrien stock opened at $75.36 on Friday. The stock has a market cap of $36.05 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The stock has a 50 day moving average price of $66.42 and a 200-day moving average price of $70.42. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings results 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 company had revenue of $10.81 billion for 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 quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 EPS. Equities analysts expect that Nutrien Ltd. will post 4.95 EPS for the current year.

Nutrien Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTR. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. National Bank Financial lowered their target price on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, June 30th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.58.

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.