Y.D. More Investments Ltd Takes Position in Nutrien Ltd. $NTR

Y.D. More Investments Ltd purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 1st quarter, Holdings Channel reports. The fund purchased 17,500 shares of the company’s stock, valued at approximately $1,321,000.

A number of other institutional investors also recently bought and sold shares of the stock. 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 worth $26,000 after buying an additional 320 shares during the period. Evolution Wealth Management Inc. purchased a new stake in shares of Nutrien in the first quarter valued at $32,000. Sfam LLC bought a new stake in shares of Nutrien in the 4th quarter worth about $37,000. Eastern Bank lifted its holdings in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after acquiring an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after purchasing an additional 347 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NTR has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. BMO Capital Markets raised their price objective on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 18th. Scotiabank upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 30th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Finally, Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.94.

Nutrien Trading Up 0.0%

NTR stock opened at $65.45 on Monday. The company has a market capitalization of $31.37 billion, a PE ratio of 13.33, a P/E/G ratio of 0.63 and a beta of 0.62. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The firm’s 50-day moving average is $67.39 and its 200 day moving average is $69.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 5.19 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s 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.