Ensign Peak Advisors Inc Buys 3,000 Shares of Nutrien Ltd. (NYSE:NTR)

Ensign Peak Advisors Inc raised its stake in shares of Nutrien Ltd. (NYSE:NTR) by 7.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,139 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Ensign Peak Advisors Inc’s holdings in Nutrien were worth $1,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in Nutrien during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the period. Assetmark Inc. lifted its stake in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc bought a new position in Nutrien during the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Securities upped their target price on shares of Nutrien from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday. BNP Paribas upgraded shares of Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Monday. CIBC increased their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer increased their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and an average price target of $61.44.

Nutrien Trading Up 0.7%

NTR stock opened at $57.38 on Friday. The firm has a fifty day moving average price of $52.49 and a 200 day moving average price of $50.20. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. 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 cap of $28.02 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.80%. Nutrien’s dividend payout ratio is presently 203.74%.

Nutrien 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.