Pacific Heights Asset Management LLC Acquires 100,000 Shares of Nutrien Ltd. $NTR

Pacific Heights Asset Management LLC raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 33.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 400,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. Pacific Heights Asset Management LLC owned approximately 0.08% of Nutrien worth $24,688,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Swiss Life Asset Management Ltd lifted its holdings in Nutrien by 23.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock valued at $4,691,000 after purchasing an additional 15,230 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Nutrien by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock valued at $108,901,000 after purchasing an additional 25,588 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in Nutrien in the 4th quarter valued at $1,967,000. Hudson Bay Capital Management LP lifted its holdings in Nutrien by 190.3% in the 3rd quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock valued at $6,829,000 after purchasing an additional 76,244 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in Nutrien by 37.8% in the 3rd quarter. Metis Global Partners LLC now owns 220,648 shares of the company’s stock valued at $12,958,000 after purchasing an additional 60,491 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Up 0.1%

Shares of NTR opened at $71.60 on Monday. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The company has a market capitalization of $34.42 billion, a PE ratio of 14.58 and a beta of 0.64. The stock has a fifty day simple moving average of $74.55 and a two-hundred day simple moving average of $67.53. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 5.42 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th 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 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NTR shares. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a research note on Monday, February 23rd. Bank of America raised Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Thursday, April 30th. Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and raised their target price for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Finally, Oppenheimer raised their target price on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.75.

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.