Wilmington Savings Fund Society FSB Has $5.27 Million Stock Position in Nutrien Ltd. $NTR

Wilmington Savings Fund Society FSB boosted its position in Nutrien Ltd. (NYSE:NTR) by 34.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,471 shares of the company’s stock after buying an additional 23,312 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Nutrien were worth $5,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Nutrien by 184.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock valued at $608,000 after purchasing an additional 7,934 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Nutrien by 284.0% during the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock worth $3,430,000 after buying an additional 51,126 shares during the last quarter. Covea Finance boosted its position in shares of Nutrien by 16.5% in the second quarter. Covea Finance now owns 73,500 shares of the company’s stock valued at $4,265,000 after acquiring an additional 10,400 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Nutrien by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company’s stock worth $229,000 after acquiring an additional 1,002 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Nutrien by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock worth $36,607,000 after acquiring an additional 7,194 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $58.01 on Wednesday. The firm has a market capitalization of $28.15 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.98 and a beta of 0.82. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The firm has a 50-day moving average price of $57.72 and a 200 day moving average price of $57.41.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the company posted $2.34 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio is currently 78.14%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NTR. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a report on Wednesday, October 8th. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Wells Fargo & Company lifted their target price on Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. National Bankshares assumed coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price target for the company. Finally, Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nutrien has a consensus rating of “Hold” and a consensus target price of $62.61.

About Nutrien

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.