Andra AP fonden Acquires Shares of 1,000 Nutrien Ltd. (NYSE:NTR)

Andra AP fonden acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,000 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. acquired a new stake in Nutrien in the 2nd quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in shares of Nutrien in the 1st quarter valued at $35,000. Trust Co. of Vermont grew its holdings in shares of Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter. Covestor Ltd grew its holdings in shares of Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares during the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in shares of Nutrien during the 2nd quarter worth about $52,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 1.2 %

NYSE NTR opened at $46.19 on Friday. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $65.00. The stock has a 50-day simple moving average of $48.26 and a 200 day simple moving average of $52.08. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $22.85 billion, a PE ratio of 27.01, a P/E/G ratio of 1.54 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same period in the prior year, the business posted $2.53 EPS. Nutrien’s revenue was down 12.9% on a year-over-year basis. Research analysts forecast that Nutrien Ltd. will post 3.77 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.68%. Nutrien’s dividend payout ratio is 126.32%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group decreased their price objective on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Barclays decreased their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Wells Fargo & Company cut their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Mizuho decreased their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler cut their price target on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and a consensus price target of $62.39.

About Nutrien

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.