US Bancorp DE Boosts Stake in Nutrien Ltd. $NTR

US Bancorp DE lifted its stake in Nutrien Ltd. (NYSE:NTR) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,755 shares of the company’s stock after purchasing an additional 345 shares during the period. US Bancorp DE’s holdings in Nutrien were worth $1,849,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its holdings in Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock worth $2,349,000 after buying an additional 200 shares during the period. Blume Capital Management Inc. boosted its holdings in Nutrien by 0.7% in the 1st quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after buying an additional 220 shares during the period. Weatherly Asset Management L. P. boosted its holdings in Nutrien by 0.7% in the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after buying an additional 266 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Nutrien by 5.9% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company’s stock valued at $275,000 after purchasing an additional 309 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Nutrien by 20.6% during the 2nd quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock valued at $106,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.1%

Shares of NYSE NTR opened at $58.08 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market cap of $28.18 billion, a P/E ratio of 20.82, a PEG ratio of 0.94 and a beta of 0.82. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The firm has a 50-day simple moving average of $57.72 and a two-hundred day simple moving average of $57.42.

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

Nutrien Dividend Announcement

The company 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 $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien’s dividend payout ratio (DPR) is presently 78.14%.

Wall Street Analyst Weigh In

Several research analysts have commented on NTR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a report on Wednesday, October 8th. TD Securities increased their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Barclays increased their price objective on shares of Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Morgan Stanley increased their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, June 26th. Finally, National Bank Financial started coverage on shares of Nutrien in a report on Friday, September 5th. They set a “sector perform” rating for the company. 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 company. According to data from MarketBeat.com, Nutrien currently 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.