Nutrien Ltd. $NTR Shares Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 6,831.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,692 shares of the company’s stock after purchasing an additional 183,013 shares during the period. Union Bancaire Privee UBP SA’s holdings in Nutrien were worth $13,419,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NTR. Venturi Wealth Management LLC increased its stake in shares of Nutrien by 24.0% during the first quarter. Venturi Wealth Management LLC now owns 6,543 shares of the company’s stock valued at $494,000 after acquiring an additional 1,266 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Nutrien by 4.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,081 shares of the company’s stock valued at $685,000 after buying an additional 405 shares during the period. Cardinal Point Capital Management ULC raised its position in Nutrien by 4.5% during the first quarter. Cardinal Point Capital Management ULC now owns 9,353 shares of the company’s stock valued at $705,000 after acquiring an additional 400 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Nutrien by 4.5% during the 1st quarter. Ritholtz Wealth Management now owns 6,661 shares of the company’s stock worth $503,000 after acquiring an additional 286 shares in the last quarter. Finally, Oak Family Advisors LLC acquired a new position in Nutrien during the first quarter valued at approximately $592,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NTR opened at $61.09 on Friday. The company has a fifty day moving average price of $68.98 and a two-hundred day moving average price of $69.46. The firm has a market capitalization of $29.28 billion, a PE ratio of 12.44, a P/E/G ratio of 0.56 and a beta of 0.60. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week 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.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) 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 analyst estimates of $5.30 billion. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Wall Street Analyst Weigh In

NTR has been the subject of several research reports. Scotiabank increased their price objective on Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “buy” rating and upped their target price for the stock from $74.00 to $96.00 in a research report on Thursday, March 12th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.71.

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.