Deutsche Bank AG Invests $588.72 Million in Nutrien Ltd. $NTR

Deutsche Bank AG acquired a new stake in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,352,182 shares of the company’s stock, valued at approximately $588,720,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Nutrien by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after purchasing an additional 479,834 shares during the last quarter. Wellington Management Group LLP increased its holdings in Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after buying an additional 13,313,817 shares during the period. First Eagle Investment Management LLC lifted its position in Nutrien by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after purchasing an additional 70,068 shares during the period. TD Asset Management Inc grew its holdings in Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after acquiring an additional 1,559,673 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Nutrien by 4.4% in the 4th quarter. Mackenzie Financial Corp now owns 7,219,733 shares of the company’s stock worth $450,310,000 after purchasing an additional 305,458 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $68.33 on Tuesday. The company has a fifty day moving average of $65.94 and a two-hundred day moving average of $70.37. The company has a market capitalization of $32.69 billion, a PE ratio of 13.83, a P/E/G ratio of 0.68 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). The business had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 earnings per share. As a group, analysts expect that Nutrien Ltd. will post 5.01 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 44.53%.

Analyst Ratings Changes

Several analysts have commented on the company. Berenberg Bank set a $65.00 price objective on Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. National Bank Financial dropped their price objective on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Morgan Stanley cut their target price on Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Finally, UBS Group dropped their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.58.

Nutrien 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.