Swiss National Bank Purchases 340,900 Shares of Nutrien Ltd. $NTR

Swiss National Bank grew its holdings in Nutrien Ltd. (NYSE:NTR) by 26.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,627,036 shares of the company’s stock after purchasing an additional 340,900 shares during the quarter. Swiss National Bank’s holdings in Nutrien were worth $122,639,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NTR. McAlvany Wealth Management LLC lifted its position in Nutrien by 7.5% during the 1st quarter. McAlvany Wealth Management LLC now owns 43,900 shares of the company’s stock valued at $3,361,000 after purchasing an additional 3,051 shares during the period. Ranch Capital Advisors Inc. acquired a new stake in shares of Nutrien during the 1st quarter worth approximately $375,000. Assetmark Inc. grew its position in shares of Nutrien by 63.9% during the 1st quarter. Assetmark Inc. now owns 22,743 shares of the company’s stock worth $1,716,000 after buying an additional 8,869 shares during the period. Gould Asset Management LLC CA raised its stake in shares of Nutrien by 4.4% during the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after buying an additional 165 shares during the last quarter. Finally, Barings LLC raised its stake in shares of Nutrien by 70.6% during the first quarter. Barings LLC now owns 216,325 shares of the company’s stock worth $16,324,000 after buying an additional 89,517 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Down 1.0%

NTR opened at $66.64 on Tuesday. The stock has a market capitalization of $31.88 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.66 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The firm’s fifty day simple moving average is $66.80 and its 200 day simple moving average is $69.93.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the business earned $0.11 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, research analysts anticipate that Nutrien Ltd. will post 5.11 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. UBS Group decreased their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. TD Securities reiterated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

About Nutrien

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.