Sanctuary Advisors LLC Takes Position in Nutrien Ltd. $NTR

Sanctuary Advisors LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 40,407 shares of the company’s stock, valued at approximately $2,544,000.

A number of other institutional investors have also recently bought and sold shares of NTR. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Nutrien during the 2nd quarter worth about $138,130,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Nutrien in the second quarter worth about $27,715,000. First Nebraska Trust Co purchased a new position in shares of Nutrien in the second quarter worth approximately $787,000. Bank of Nova Scotia purchased a new position in shares of Nutrien in the second quarter worth approximately $103,975,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Nutrien during the second quarter valued at approximately $660,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NTR stock opened at $72.81 on Wednesday. The firm has a 50 day simple moving average of $66.73 and a 200 day simple moving average of $70.47. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The stock has a market cap of $34.83 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.75 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39.

Nutrien (NYSE:NTR) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the company posted $2.65 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that Nutrien Ltd. will post 4.95 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

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 issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 29th. Nutrien’s payout ratio is currently 44.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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. JPMorgan Chase & Co. lifted their price objective on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a research note on Tuesday, June 30th. Berenberg Bank set a $65.00 target price on Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Finally, National Bank Financial decreased their target price on Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Company 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.