Madison Asset Management LLC Takes $987,000 Position in Nutrien Ltd. $NTR

Madison Asset Management LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the first quarter, Holdings Channel reports. The institutional investor purchased 13,077 shares of the company’s stock, valued at approximately $987,000.

A number of other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in shares of Nutrien by 2.2% during the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after purchasing an additional 145 shares in the last quarter. Minot DeBlois Advisors LLC increased its position in shares of Nutrien by 1.8% in the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after buying an additional 164 shares in the last quarter. Banque Cantonale Vaudoise increased its position in shares of Nutrien by 15.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after buying an additional 164 shares in the last quarter. Gould Asset Management LLC CA raised its stake in Nutrien by 4.4% during the 1st 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 period. Finally, EverSource Wealth Advisors LLC raised its stake in Nutrien by 21.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NTR stock opened at $68.47 on Thursday. The stock has a 50-day moving average price of $66.64 and a two-hundred day moving average price of $70.01. The stock has a market cap of $32.75 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.65 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 1 year low of $53.03 and a 1 year high of $85.36.

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

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Analyst Ratings Changes

NTR has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted 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. Scotia raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, June 30th. National Bank Financial set a $76.00 price objective on Nutrien and gave the company an “outperform” rating in a report on Monday, July 13th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, April 30th. Finally, Wall Street Zen cut Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

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.