Vise Technologies Inc. Takes Position in Nutrien Ltd. $NTR

Vise Technologies Inc. purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,455 shares of the company’s stock, valued at approximately $784,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. Vanguard Group Inc. boosted its position in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares in the last quarter. Wellington Management Group LLP increased its holdings in Nutrien by 440.2% in the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after purchasing an additional 13,313,817 shares during the period. First Eagle Investment Management LLC increased its holdings in Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after purchasing an additional 70,068 shares during the period. Deutsche Bank AG raised 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 last quarter. Finally, TD Asset Management Inc lifted its holdings in 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 during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NTR. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. UBS Group dropped their target price on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. TD Securities reissued a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Price Performance

NTR opened at $75.36 on Monday. The firm has a 50-day moving average price of $66.42 and a 200-day moving average price of $70.43. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $36.05 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.76 and a beta of 0.61.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Nutrien Ltd. will post 4.95 EPS for the current year.

Nutrien Dividend Announcement

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