SEB Asset Management AB Purchases Shares of 68,092 Nutrien Ltd. $NTR

SEB Asset Management AB acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 68,092 shares of the company’s stock, valued at approximately $5,124,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NTR. Swiss National Bank raised its position in shares of Nutrien by 26.5% in the 1st quarter. Swiss National Bank now owns 1,627,036 shares of the company’s stock worth $122,639,000 after buying an additional 340,900 shares during the period. McAlvany Wealth Management LLC grew its position in Nutrien by 7.5% during the first quarter. McAlvany Wealth Management LLC now owns 43,900 shares of the company’s stock valued at $3,361,000 after acquiring an additional 3,051 shares during the period. Ranch Capital Advisors Inc. purchased a new stake in Nutrien during the first quarter valued at about $375,000. Assetmark Inc. increased its stake in Nutrien by 63.9% during the first quarter. Assetmark Inc. now owns 22,743 shares of the company’s stock worth $1,716,000 after acquiring an additional 8,869 shares during the last quarter. Finally, Gould Asset Management LLC CA increased its stake in 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 acquiring an additional 165 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the topic of a number of research reports. Berenberg Bank set a $65.00 price objective on Nutrien and gave the stock a “hold” rating in a report on Wednesday, June 10th. Oppenheimer boosted their target price on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $90.00 in a research report on Tuesday, May 5th. UBS Group cut their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Finally, Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus price target of $82.00.

Nutrien Trading Up 2.4%

NYSE:NTR opened at $68.47 on Thursday. The business’s 50-day moving average is $66.64 and its two-hundred day moving average is $70.01. The firm has a market capitalization 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. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.

Nutrien (NYSE:NTR) last issued its 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 return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. Research analysts predict that Nutrien Ltd. will post 5.11 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

Nutrien 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.