12,506 Shares in Nutrien Ltd. $NTR Bought by First Nebraska Trust Co

First Nebraska Trust Co acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the second quarter, Holdings Channel reports. The fund acquired 12,506 shares of the company’s stock, valued at approximately $787,000.

Several other institutional investors have also made changes to their positions in NTR. Guggenheim Capital LLC increased its stake in Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after acquiring an additional 145 shares during the period. Minot DeBlois Advisors LLC lifted its stake in Nutrien by 1.8% during the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after purchasing an additional 164 shares during the period. Banque Cantonale Vaudoise lifted its stake in Nutrien by 15.9% during the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after purchasing an additional 164 shares during the period. Gould Asset Management LLC CA boosted its holdings in Nutrien by 4.4% during the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock valued at $297,000 after purchasing an additional 165 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after purchasing an additional 176 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Price Performance

NYSE:NTR opened at $75.36 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $36.05 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company’s 50-day moving average price is $66.42 and its two-hundred day moving average price is $70.42.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period in the previous year, the business posted $2.65 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Nutrien Ltd. will post 4.95 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. Nutrien’s dividend payout ratio is 44.53%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NTR shares. Berenberg Bank set a $65.00 price objective on Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a research report on Monday, August 10th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Barclays lowered their price target on Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Finally, Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, June 30th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.58.

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.