First Trust Advisors LP Purchases 82,932 Shares of Nutrien Ltd. $NTR

First Trust Advisors LP lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 52.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,671 shares of the company’s stock after purchasing an additional 82,932 shares during the quarter. First Trust Advisors LP’s holdings in Nutrien were worth $18,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 479,834 shares in the last quarter. Wellington Management Group LLP boosted its stake in Nutrien by 440.2% during the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after buying an additional 13,313,817 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Nutrien by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after buying an additional 70,068 shares during the period. Deutsche Bank AG increased its holdings in Nutrien by 2.0% in the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after buying an additional 189,683 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

NYSE:NTR opened at $70.61 on Thursday. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a market cap of $33.78 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.68 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 company’s 50-day moving average price is $66.41 and its two-hundred day moving average price is $70.29.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. On average, equities analysts anticipate that Nutrien Ltd. will post 5.08 EPS 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 given a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. Nutrien’s dividend payout ratio is 44.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reduced their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating for the company in a report on Thursday, April 30th. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.84.

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.