SG Americas Securities LLC Has $6.91 Million Holdings in Nutrien Ltd. $NTR

SG Americas Securities LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 1,974.5% in the 1st quarter, Holdings Channel reports. The firm owned 91,528 shares of the company’s stock after acquiring an additional 87,116 shares during the quarter. SG Americas Securities LLC’s holdings in Nutrien were worth $6,907,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Nutrien by 65.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after purchasing an additional 9,950 shares during the last quarter. NewEdge Advisors LLC raised its stake in Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after buying an additional 404 shares during the last quarter. Focus Partners Wealth bought a new position in Nutrien during the first quarter worth $516,000. Acadian Asset Management LLC acquired a new position in Nutrien in the first quarter valued at $54,000. Finally, Prudential Financial Inc. acquired a new position in shares of Nutrien in the 2nd quarter valued at about $203,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of research reports. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the stock a “hold” rating in a research note on Wednesday, June 10th. 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 report on Tuesday, April 7th. Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $77.00 to $100.00 in a research note on Friday, March 13th. BMO Capital Markets increased their price target on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. raised their price objective on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.71.

Nutrien Stock Performance

Shares of Nutrien stock opened at $61.09 on Monday. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $68.98 and a 200-day moving average price of $69.53. The company has a market cap of $29.28 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.56 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, beating 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 for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Nutrien’s quarterly revenue was up 18.5% on a year-over-year basis. Equities analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s 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.