Nutrien Ltd. (NYSE:NTR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,687 shares of the company’s stock after purchasing an additional 927 shares during the quarter. Natixis Advisors LLC’s holdings in Nutrien were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. increased its position in Nutrien by 0.6% in the 2nd quarter. D.A. Davidson & CO. now owns 167,405 shares of the company’s stock valued at $8,523,000 after acquiring an additional 1,045 shares during the period. Drive Wealth Management LLC acquired a new position in Nutrien during the second quarter worth about $633,000. Cadence Wealth Management LLC boosted its stake in shares of Nutrien by 10.0% during the 2nd quarter. Cadence Wealth Management LLC now owns 10,402 shares of the company’s stock worth $530,000 after acquiring an additional 946 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Nutrien by 0.4% during the second quarter. Commonwealth Equity Services LLC now owns 105,085 shares of the company’s stock worth $5,350,000 after purchasing an additional 422 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Nutrien in the second quarter valued at $72,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho reduced their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $69.00 to $53.00 in a research note on Tuesday. Scotiabank decreased their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. TD Securities lowered their price target on Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Wells Fargo & Company lowered their target price on shares of Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus price target of $62.39.

Nutrien Stock Performance

Shares of NTR stock opened at $45.25 on Wednesday. The company’s 50-day simple moving average is $48.46 and its 200-day simple moving average is $52.17. Nutrien Ltd. has a one year low of $44.65 and a one year high of $65.00. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.54 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for 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 for the quarter was down 12.9% on a year-over-year basis. During the same period last year, the business posted $2.53 earnings per share. Equities analysts anticipate that Nutrien Ltd. will post 3.77 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.77%. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is 126.32%.

Nutrien Company 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.