Deutsche Bank AG Purchases New Shares in Nutrien Ltd. $NTR

Deutsche Bank AG acquired a new stake in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,352,182 shares of the company’s stock, valued at approximately $588,720,000. Deutsche Bank AG owned approximately 1.96% of Nutrien at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 buying an additional 479,834 shares during the period. Wellington Management Group LLP raised 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 during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of 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 purchasing an additional 70,068 shares during the period. TD Asset Management Inc lifted its stake in Nutrien by 21.2% in the fourth 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 during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Nutrien by 4.4% during the 4th quarter. Mackenzie Financial Corp now owns 7,219,733 shares of the company’s stock valued at $450,310,000 after acquiring an additional 305,458 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.1%

Shares of Nutrien stock opened at $68.33 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The company’s 50 day moving average price is $65.94 and its 200-day moving average price is $70.37. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.68 and a beta of 0.61.

Nutrien (NYSE:NTR) last released 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). The business had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.65 EPS. Equities research analysts forecast that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio is presently 44.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NTR shares. Wall Street Zen downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 30th. Barclays dropped their price objective on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Berenberg Bank set a $65.00 price target on Nutrien and gave the stock a “hold” rating in a report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.58.

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.