Union Bancaire Privee UBP SA Buys Shares of 1,583 Nutrien Ltd. (NYSE:NTR)

Union Bancaire Privee UBP SA purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,583 shares of the company’s stock, valued at approximately $67,000.

Several other hedge funds also recently added to or reduced their stakes in NTR. Central Pacific Bank Trust Division acquired a new position in Nutrien in the 3rd quarter valued at about $28,000. Exchange Traded Concepts LLC lifted its holdings in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Nutrien during the 2nd quarter worth approximately $52,000. Larson Financial Group LLC grew its stake in shares of Nutrien by 1,370.6% in the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after acquiring an additional 1,494 shares in the last quarter. Finally, Cromwell Holdings LLC raised its stake in shares of Nutrien by 113.4% in the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after acquiring an additional 900 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NYSE NTR opened at $53.04 on Thursday. The company’s fifty day moving average is $47.88 and its two-hundred day moving average is $48.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a market capitalization of $26.05 billion, a P/E ratio of 35.60, a PEG ratio of 1.17 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the previous year, the business posted $0.35 earnings per share. Nutrien’s revenue was down 5.0% on a year-over-year basis. Analysts forecast that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a dividend yield of 7.08%. The ex-dividend date was Tuesday, December 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is 144.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group boosted their price objective on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday. Oppenheimer began coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. Piper Sandler boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays reaffirmed an “equal weight” rating and set a $56.00 price target (up from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Finally, TD Securities dropped their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.