Nutrien Ltd. $NTR is Diversified Investment Strategies LLC’s 8th Largest Position

Diversified Investment Strategies LLC reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,152 shares of the company’s stock after selling 475 shares during the period. Nutrien comprises approximately 3.7% of Diversified Investment Strategies LLC’s portfolio, making the stock its 8th largest position. Diversified Investment Strategies LLC’s holdings in Nutrien were worth $5,483,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Nutrien by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after purchasing an additional 1,412,503 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock worth $436,137,000 after purchasing an additional 1,284,181 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Nutrien by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 7,855,609 shares of the company’s stock worth $389,860,000 after purchasing an additional 54,918 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Nutrien by 6.5% during the 1st quarter. Deutsche Bank AG now owns 7,568,805 shares of the company’s stock worth $375,943,000 after purchasing an additional 463,748 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock worth $347,319,000 after purchasing an additional 2,291,518 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Trading Down 3.4%

NYSE NTR opened at $58.01 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The firm has a market cap of $28.15 billion, a PE ratio of 20.79, a P/E/G ratio of 0.98 and a beta of 0.82. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The firm’s fifty day moving average is $57.72 and its two-hundred day moving average is $57.41.

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

Nutrien Announces Dividend

The firm 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 is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. Nutrien’s payout ratio is currently 78.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NTR. Oppenheimer lifted their price objective on shares of Nutrien from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Morgan Stanley boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. TD Securities boosted their price target on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company boosted their price target on shares of Nutrien from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien currently has a consensus rating of “Hold” and an average 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.