Hikari Power Ltd Makes New $9.44 Million Investment in Nutrien Ltd. $NTR

Hikari Power Ltd acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 150,000 shares of the company’s stock, valued at approximately $9,443,000. Nutrien comprises approximately 1.1% of Hikari Power Ltd’s holdings, making the stock its 13th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Montag A & Associates Inc. lifted its stake in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares during the period. Evolution Wealth Management Inc. acquired a new stake in Nutrien in the first quarter worth about $32,000. Global Retirement Partners LLC acquired a new stake in Nutrien in the second quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Nutrien by 1,014.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after purchasing an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new stake in Nutrien during the 2nd quarter worth about $33,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.0%

NYSE:NTR opened at $68.26 on Monday. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The business’s 50-day moving average price is $65.93 and its two-hundred day moving average price is $70.39. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.68 and a beta of 0.61.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.Nutrien’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. On average, equities analysts expect that Nutrien Ltd. will post 5.01 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be issued 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 3.2%. Nutrien’s payout ratio is currently 44.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Mizuho dropped their price target on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. UBS Group cut their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.