Nutrien Ltd. $NTR Stock Holdings Increased by Burney Co.

Burney Co. boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 151.6% in the 1st quarter, Holdings Channel reports. The firm owned 30,264 shares of the company’s stock after buying an additional 18,235 shares during the period. Burney Co.’s holdings in Nutrien were worth $2,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock worth $1,386,546,000 after buying an additional 479,834 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Nutrien by 440.2% in the fourth quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after buying an additional 13,313,817 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after acquiring an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after acquiring an additional 70,068 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Nutrien by 2.0% during the 4th quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock worth $604,745,000 after acquiring an additional 189,683 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NTR opened at $65.33 on Wednesday. The business’s 50-day moving average is $67.85 and its 200-day moving average is $69.67. 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 company has a market capitalization of $31.31 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.59 and a beta of 0.62. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the company posted $0.11 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada lifted their price target on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. BMO Capital Markets boosted their price objective on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Finally, Berenberg Bank set a $65.00 price objective on shares of Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.94.

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.