Everstar Asset Management LLC Acquires New Shares in Nutrien Ltd. $NTR

Everstar Asset Management LLC bought a new stake in Nutrien Ltd. (NYSE:NTR) during the first quarter, Holdings Channel reports. The institutional investor bought 11,405 shares of the company’s stock, valued at approximately $861,000.

Several other hedge funds also recently bought and sold shares of the company. Montag A & Associates Inc. raised its stake in shares of Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Sfam LLC bought a new stake in shares of Nutrien in the 4th quarter valued at approximately $37,000. Eastern Bank grew its stake in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares in the last quarter. Harbour Investments Inc. increased its holdings in Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Nutrien by 42.4% in the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on NTR shares. JPMorgan Chase & Co. lifted their target price on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Wells Fargo & Company raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $77.00 to $100.00 in a research report on Friday, March 13th. Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. 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, Barclays lifted their price objective on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

Nutrien Stock Up 0.1%

NTR opened at $62.89 on Monday. The business has a 50 day moving average price of $70.21 and a 200 day moving average price of $69.48. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The firm has a market cap of $30.14 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 0.58 and a beta of 0.60.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Research analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

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.