Vise Technologies Inc. Makes New $784,000 Investment in Nutrien Ltd. $NTR

Vise Technologies Inc. bought a new position in Nutrien Ltd. (NYSE:NTR) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 12,455 shares of the company’s stock, valued at approximately $784,000.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nutrien by 65.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after purchasing an additional 9,950 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Nutrien by 6.2% in the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares in the last quarter. Focus Partners Wealth acquired a new stake in Nutrien in the 1st quarter valued at about $516,000. Acadian Asset Management LLC acquired a new stake in shares of Nutrien in the 1st quarter valued at $54,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Nutrien in the second quarter valued at approximately $203,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.1%

Shares of Nutrien stock opened at $75.36 on Monday. The firm has a market cap of $36.05 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.76 and a beta of 0.61. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The stock has a 50-day simple moving average of $66.42 and a 200-day simple moving average of $70.43. 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 (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the business earned $2.65 earnings per share. Nutrien’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Nutrien Ltd. will post 4.95 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s dividend payout ratio (DPR) is presently 44.53%.

Analyst Upgrades and Downgrades

NTR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Mizuho cut their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Bank of America upgraded shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Thursday, April 30th. Oppenheimer reduced their price target on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Finally, Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.