Nutrien Ltd. $NTR Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Nutrien Ltd. (NYSE:NTR) by 41.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,877 shares of the company’s stock after purchasing an additional 63,915 shares during the period. Exchange Traded Concepts LLC’s holdings in Nutrien were worth $13,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. M.E. Allison & CO. Inc. acquired a new position in shares of Nutrien during the fourth quarter worth about $202,000. Moody National Bank Trust Division increased its stake in shares of Nutrien by 6.5% during the fourth quarter. Moody National Bank Trust Division now owns 21,700 shares of the company’s stock worth $1,339,000 after buying an additional 1,317 shares during the period. SG Americas Securities LLC raised its holdings in Nutrien by 53.0% in the fourth quarter. SG Americas Securities LLC now owns 4,412 shares of the company’s stock valued at $272,000 after acquiring an additional 1,528 shares in the last quarter. Pacifica Partners Inc. raised its holdings in Nutrien by 29.6% in the fourth quarter. Pacifica Partners Inc. now owns 38,055 shares of the company’s stock valued at $2,395,000 after acquiring an additional 8,697 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new position in Nutrien in the fourth quarter worth approximately $312,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 2.8%

NTR stock opened at $75.72 on Friday. The stock has a market cap of $36.43 billion, a P/E ratio of 16.25 and a beta of 0.70. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $85.36. The company’s 50 day moving average is $72.98 and its two-hundred day moving average is $63.95.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a $0.55 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, March 31st. Nutrien’s payout ratio is currently 46.78%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BNP Paribas Exane cut shares of Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Weiss Ratings upgraded shares of Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. TD Securities lifted their price objective on shares of Nutrien from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $77.00 in a research note on Wednesday, January 14th. Finally, Mizuho increased their target price on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.33.

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.