Northwestern Mutual Wealth Management Co. Grows Stake in Nutrien Ltd. $NTR

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 390.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,366 shares of the company’s stock after purchasing an additional 38,510 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Nutrien were worth $2,985,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Montag A & Associates Inc. increased its stake in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Nutrien during the third quarter worth about $37,000. Eastern Bank increased its stake in shares of Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Nutrien during the third quarter worth about $46,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $70.17 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The firm has a market capitalization of $33.68 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.64 and a beta of 0.64. The company’s 50-day moving average is $73.72 and its two-hundred day moving average is $68.19. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.81%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NTR. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. UBS Group lowered their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Nutrien from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

About Nutrien

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.