Nutrien Ltd. (NYSE:NTR) Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 12.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,075 shares of the company’s stock after purchasing an additional 450 shares during the period. Blue Trust Inc.’s holdings in Nutrien were worth $221,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NTR. Vanguard Group Inc. lifted its position in shares of Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock valued at $1,020,012,000 after acquiring an additional 570,912 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Nutrien by 19.5% during the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after purchasing an additional 1,960,162 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Nutrien by 0.5% during the first quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after purchasing an additional 50,369 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Nutrien by 28.6% in the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after purchasing an additional 2,050,358 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after purchasing an additional 844,559 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Trading Up 0.9 %

Shares of NTR stock opened at $46.78 on Monday. Nutrien Ltd. has a 12 month low of $44.90 and a 12 month high of $65.69. The company has a market cap of $23.14 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.53 and a beta of 0.83. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $49.95 and its two-hundred day moving average is $52.56.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The firm’s revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 EPS. Equities analysts predict that Nutrien Ltd. will post 3.74 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

Analyst Ratings Changes

A number of research firms have commented on NTR. Barclays reduced their price objective on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho decreased their price objective on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company lowered their price objective on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, August 12th. Finally, UBS Group lowered their price target on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.78.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.