Quantbot Technologies LP Buys Shares of 60,349 Nutrien Ltd. $NTR

Quantbot Technologies LP purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, HoldingsChannel.com reports. The fund purchased 60,349 shares of the company’s stock, valued at approximately $3,515,000.

Several other institutional investors and hedge funds have also modified their holdings of NTR. Harbour Investments Inc. raised its holdings in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares during the period. Huntington National Bank boosted its holdings in shares of Nutrien by 72.6% in the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 276 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Nutrien during the second quarter worth $49,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after acquiring an additional 935 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Nutrien during the first quarter worth $54,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

Shares of NYSE NTR opened at $60.04 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. The business has a 50-day moving average of $57.76 and a 200-day moving average of $58.48. The stock has a market capitalization of $29.03 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 0.70 and a beta of 0.72. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 target price for the company. UBS Group cut their price target on Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Mizuho decreased their price objective on Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Finally, Scotiabank cut their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus price target of $62.94.

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.